The Bangko Sentral ng Pilipinas (BSP) invested an additional $200 million in green bonds, bringing to $350 million the total so far, and this is now part of the country’s $98 billion gross international reserves (GIR).
According to BSP, the investment in the Bank for International Settlements (BIS) open-ended fund will enhance the BSP’s environmental sustainability objectives and will promote green finance. It is also part of the GIR diversification. Besides supporting the greening of the financial system, the BIS green bonds offer adequate returns compared to other fixed-income assets, as part of reserve assets portfolio.