Head of Financial Regulatory Committee D.Bayarsaikhan participated in the “Public and Private Sector Discussion” organized by the Alliance for Financial Inclusion (AFI). Being held in Washington, USA, the discussion was organized under the theme of “Public-Private Partnership to Expand Green Financing” coinciding with the spring conference of the World Bank and the International Monetary Fund.

In recent years, countries have increasingly focused on promoting green finance to mitigate climate change. For example, the member countries of the Alliance for Financial Inclusion have successfully introduced the concept of developing a sustainable financial market in their development strategies, risk management aimed at reducing climate change, implementation of information transparency, and green taxonomy. However, the risks associated with climate change vary from country to country, and in particular, regulatory measures to reduce climate degradation faced by developing countries are insufficient. Therefore, the parties in the discussion agreed to work together in intensifying inclusive green financing policy and regulation in each member country, including the addition of private sector initiatives in policy measures to develop green financing, or to expand public-private partnership in this direction.

The Alliance for Financial Inclusion is a global financial inclusion policy-maker consisting of membership of more than 100 financial and regulatory organizations from 89 countries. D.Bayarsaikhan has been chairing the Eastern Europe & Central Asia Policy Initiative since June 2021.