Gyeonggi Province is recruiting financial institutions to manage its treasury for four years starting next April.
Gyeonggi Province has announced its plan to designate provincial treasuries and is set to hold a briefing session for financial institutions on the 13th of next month.
The province will receive proposals from financial institutions and plan to announce the designated institution on December 19, based on six criteria assessed by the Treasury Designation Review Committee. These criteria include the credit rating of the financial institution, deposit and loan interest rates, convenience for residents, contributions to the local community, and performance in climate finance initiatives.
For the first time, climate finance performance is being included in the evaluation criteria. This encompasses measures like the declaration of coal phase-out, divestment from coal power, investments in renewable energy, and participation in international climate finance initiatives.
This year, the provincial treasury’s scale is approximately 40.3 trillion won. The first treasury manages general accounts and 19 funds, while the second treasury handles special accounts and 8 funds.
[Photo Credit: Yonhap News / Provided by Gyeonggi Province]
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