He stressed that the goal of the Ministry of Finance is to issue a “green” bond within 2022.
Greece is expected to be champion in Europein the period 2021-2023, in the increase of investments and exports, argued the Minister of Finance, Christos Staikourasspeaking at the conference on “The future of sustainable financing”, organized by the Hellenic Capital Market Commission.
The Minister pointed out that despite the international circumstances, the Greek economy did not stop growing dynamically (GDP growth of 7% in the first three months) and was ranked among the fastest growing economies in Europe. It has not stopped being upgraded and after 12 upgrades from the rating agencies, we are just before the achievement of the goal of obtaining an investment grade.
Mr. Chr. Staikouras stressed that the Greek government closed painful chapters of the past, with the last being the exit of Greece from the regime of enhanced supervision, after 12 years, and its entry into normalcy.
He stressed that the government is developing significant actions for a new model of green and sustainable development and a large part of the funds of the Development Fund will be directed in this direction.
He reiterated that the goal of the Ministry of Finance is to issue a “green” bond by 2022
“The reorientation of private capital to more sustainable investments presupposes a review of the way our financial system operates and the establishment of a modern sustainable financing framework.” Christos Staikouras stressed that the “red” loans have been drastically reduced, while deposits are at the highest point since 2010.
Finally, he referred to the upgrading of the role of the Hellenic Capital Market Commission and the strengthening of the institutional framework of corporate governance.
The Hellenic Capital Market Commission is organizing a conference on “The Future of Sustainable Financing” and the discussions will focus on international and European policies, regulations and prospects for sustainable financing.
Investment capital can be used to address some of the biggest challenges facing our world today. These challenges include environmental, social and corporate governance (ESG) factors – such as climate change – that can have a significant impact on people, businesses and communities around the world.
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