BUSINESS

Asian EXIM Bank Forum members on brink to ink joint statement on green financial support

16/11/2022 09:09 AM

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Nov 15 (Bernama) -- Asian EXIM Bank Forum (AEBF) members will be signing a joint statement on Financial Support to Green Development tomorrow in conjunction with their 27th annual meeting which started today.

The three-day AEBF annual meeting, which ends on Nov 17, 2022, is hosted by the Export-Import Bank of Malaysia Bhd (EXIM Bank Malaysia).

Its chairman, Datuk Azman Mahmud said it is pertinent and crucial for the forum members to deliberate and evolve in facilitating sustainable and resilient business growth via collaborations.

“It is through these partnerships and collaborations that we can continue to grow and work together to increase our cooperation post-pandemic and play a much more crucial role in tackling global issues such as climate change and addressing the fund gap,” he said in his speech during AEBF welcoming dinner today.

Azman said on the part of Malaysia, the bank has been participating in sectors which are in support of the environmental, social, and governance (ESG) agenda which will boost the development of renewable energy power plants, waste management, healthcare and road infrastructure.

“We foresee participation in ESG initiatives to be the way forward for the bank and it is an aspiration that will be supported by a specific roadmap and framework,” he said.

Azman added that Malaysia is committed to adopting the 2030 Agenda for Sustainable Development and developing the Fourth Industrial Revolution plan with a clear intention of recognising and encouraging the replacement and utilisation of green technology in business practice.

“Subsequently, Malaysia is also looking forward to having further investment in the higher value-added segment whereby these industries are likely to have a bigger role in green technology and giving sustainable agenda a booster shot,” he said.

EXIM Bank Malaysia president/chief executive officer Arshad Ismail said the joint statement is intended to recognise the importance of green transition and green development amongst the agencies as well as to promote resilient and inclusive economic growth in Asia.  

“Green transition and development, especially in developing countries, still face challenges, with the main one being the funding gap.

“We believe EXIM banks, through a variety of products they offer, can and will play a critical role in tackling global issues such as climate change and green transition and development,” he said.

AEBF members take turns in organising the forum on an annual basis and this year’s meeting with the theme “EXIM Banks’ Role in Facilitating Sustainable & Resilient Business Growth and Partnerships Post Pandemic” brings together some 40 delegates from 11 member countries.

They are from Export Finance Australia, the Export-Import Bank of China, the Export-Import Bank of India, Indonesia Eximbank, Japan Bank of International Corporation, the Philippine Guarantee Corporation, Korea Eximbank, Export-Import Bank of Thailand, Turk Eximbank, The Vietnam Development Bank, Asian Development Bank (the permanent observer of the AEBF annual meeting) as well as Saudi EXIM Bank and Islamic Development Bank as the two guest observers.

Members are to discuss, explore and seek partnership opportunities in strengthening international business and collaborative efforts during the three-day meeting. 

AEBF was established in 1995 during the Export Credit Agencies meeting in India to create an institutional mechanism as a forum for discussion on matters relating to collaborative efforts and tackling a broad range of issues.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2023 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy