Muscat – An official meeting was held on Sunday between the Capital Market Authority (CMA), the Moroccan Capital Market Authority and a number of related entities in the sultanate, to discuss ways of cooperation and exchange of expertise in the field of green and sustainable financing, a press statement issued by the CMA said.

The meeting was attended by Oman Investment Authority, Ministry of Finance, Environment Authority, Civil Aviation Authority and Oman Tourism Development Company.

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

The meeting preceded the seminar on the Moroccan experience in green and sustainable financing scheduled to be held on Monday at the Oman Chamber of Commerce and Industry. The Moroccan Capital Market Authority will present a working paper on the regulatory frameworks for the regulation of green financing.

During the seminar, Moroccan Capital Market Authority will highlight 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, the CMA statement said.