The Asian Development Bank (ADB), through JICA’s “Leading Asia’s Private Infrastructure Fund” (LEAP), will invest US$8 million in a green bond () in Georgia on October 13, 2022. On October 13, 2022, the ADB invested US$8 million (US$4 million ADB direct investment and US$4 million JICA/LEAP investment) in a green bond in Georgia. This is the largest-ever bond in the Georgian securities market and the first green bond to be issued in the Georgian domestic market, and is expected to encourage the development of a bond market that contributes to climate change projects in the region through ADB and LEAP.
This project is an investment in green bonds issued by Georgia Renewable Power Operations (GRPO), a company that operates hydroelectric and renewable energy projects in Georgia, and the funds raised through the green bond issue will be used for the operation of hydroelectric and renewable energy generation projects under GRPO. The funds raised through the green bond issue will be used for the operation of hydroelectric and renewable energy power generation projects under GRPO.
LEAP is a trust fund for high-quality private sector infrastructure projects in Asia and the Pacific region, which is mentioned in the follow-up measures to the “High-Quality Infrastructure Partnership” announced by the Japanese government on November 21, 2015. It is a trust fund that provides support for infrastructure projects implemented by the private sector through public-private partnerships (PPPs) and other forms of financing. In March 2016, JICA committed to invest US$1.5 billion in LEAP, which supports a wide range of high-quality, sustainable private sector infrastructure projects in ADB member countries in the Asia-Pacific region, including greenhouse gas reduction, energy conservation, and affordable health services. energy conservation, and affordable health care services.
JICA will continue to work with other countries and international organizations to promote “high-quality infrastructure investment” and contribute to the economic and social development of developing countries and regions, taking into account the Sustainable Development Goals (SDGs).
(*) Green Bonds: Bonds issued to raise funds specifically for environmental initiatives, such as global warming countermeasures and renewable energy.
© Source JICA
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