BIS sets up 'green' bond fund for central banks

The Bank of International Settlements said Thursday it had launched a fund to enable central banks around the world to invest in "green bonds", citing a growing demand for climate-friendly investments.

The Basel-based BIS, considered the central bank for central banks, said the new fund would help "central banks to incorporate environmental sustainability objectives in the management of their reserves."
BIS said that an advisory committee drawn from a global group of central banks had been set up to support the fund, which pools BIS client assets "to promote green finance through sizeable climate-friendly investments."