He explained that the sustainable finance agenda not only rests on the issuance of instruments; “We are building taxonomies that are going to be incorporated in the banking sector, climate change, also in some social gaps,” he said.
For example, a very clear social gap that should be included is financial inclusion or the incorporation of women or greater diversity in decision-making or in the governance bodies of institutions, he explained.
japanese bonds
The undersecretary announced that the Treasury is considering issuing sustainable bonds in the Japanese market this year.
“We made the first issue of the SDG bond (bonds linked to the Sustainable Development Goals) in Europe in 2020, for seven years, then we made a 15-year one, in Europe as well. This year, we plan to do it now, not in Europe, we want to do it in the samurai market, part of that agenda was born in Japan, so it is very emblematic that we place this type of instrument in Japan”, commented Yorio.
Economic recovery 2022
Yorio considered that the recovery of the local economy will continue in 2022, but with limitations, however he declined to give concrete figures.
“I think that in 2022 we are going to continue to see an economic recovery, sometimes the perception moves from optimistic to pessimistic, but what I think cannot be denied is that the recovery is going to continue, the global recovery is going to continue to be observed , we are probably going to be observing these supply shocks or demand shocks that are being generated by the waves of the pandemic, by new variants, etc. ”, concluded the Treasury official.
