An official meeting was held between  the Capital Market Authority, the Moroccan Capital Market Authority  and a number of related entities in the Sultanate of Oman to discuss ways of cooperation and exchange of expertise in the field of green and sustainable financing and the Moroccan experience in regulating green financing products as the green and sustainable financing is a  vital  matter to achieve the objects of  sustainable development,  Oman Vision  20401, and striking balance between the economic objects, natural resources and environmental requirements to preserve the sustainability of the vital resources and enhancing their proceeds financially and socially for the longest possible term.

The meeting was attended by a number of related entities in the Sultanate such as Oman Investment Authority, Ministry of Finance, Environment Authority, Civil Aviation Authority and Oman Tourism Development Company (Omran).

The meeting reviewed the Moroccan experience and acquainted with the key legislative and technical areas for such financing products beside the discussion of the economic feasibility of offering  green bonds and Sukuk, as well as the key requirements and needs to launch such products in the Omani capital market to ensure the readiness of the  legislative infrastructure.

It is worth to note the meeting  precedes the green and sustainable financing  seminar on the Moroccan experience in green and sustainable financing scheduled to be held on Monday at the Oman Chamber of Commerce and Industry to be attended by many government and private sector entities.

The Moroccan Capital Market Authority will present a working paper on the regulatory frameworks for the regulation of green financing and to highlight the market and its contribution in directing the investments toward the economic activities that strike balance between the economic, environmental and social objects to improve the welfare of human being and to limit the impact of climate change.