exchanged ACDDs since 2020. The Meeeting encourages the remaining AMS to join the implementation of the ACDD in 2022. Financing, Payment and Service Connectivity 18. The Meeting welcomed the launch of the linkage of the Real-Time Retail Payment Systems (RT-RPS) of Singapore and Thailand in 2021, the world’s first cross-border RT-RPS linkage implemented, which facilitates faster, cheaper, more inclusive, and more transparent cross-border payment transfers. 19. The Meeting is also pleased with the launches of bilateral cross-border QR code payment linkages between Indonesia and Thailand, Indonesia and Malaysia, Malaysia and Thailand, Singapore and Thailand, Thailand and Vietnam, and Cambodia and Thailand, as well as the upcoming linkages between Malaysia and Singapore, and the Philippines and Singapore. These linkages will enable users to make cross-border payments by using QR codes, and will contribute to the development of a regional crossborder payments network within ASEAN. 20. The Meeting looks forward to the expansion of the RT-RPS and QR code payment linkages into an interconnected network across the region, furthering ASEAN’s digitalization drive and enabling financial inclusion. This will position ASEAN globally at the forefront of retail payments connectivity. 21. In addition, the Meeting noted that the Working Committee on Payment and Settlement Systems’ (WC-PSS) is developing an approach to monitor AMS’ progress in meeting the G20/FSB targets for cross-border payments on cost, speed, transparency, and access. Infrastructure Financing 22. The Meeting expressed appreciation for the ASEAN Infrastructure Fund’s (AIF’s) efforts in mainstreaming the Green and Inclusive Infrastructure Window (GIIW) into the permanent ASEAN Catalytic Green Finance Facility (ACGF) to sustain momentum from its pilot programme to further meet long-term objectives, including robust demand for ACGF financing and technical support and its contribution to the region’s green recovery under the post-pandemic scenario. 23. The Meeting noted the progress of the Working Committee on Capital Market Development (WCCMD) and the ASEAN Capital Market Forum (ACMF) on Infrastructure Financing, particularly on the WCCMD Infrastructure Finance Working Group (IFWG)’s development of a Conversation Pack as part of the “Sustainable Finance First for Sustainable Projects” Initiative. This aims to kick start discussions with the relevant ministries, government agencies, project owners and promoters to consider using sustainable finance as the first choice for financing for sustainable projects. The Meeting welcomes the publication of the Conversation Pack on the ASEAN Finance Cooperation Web Portal (AFCWP) and look forward to its socialisation program this year. The Meeting also acknowledged the discussions on the Standardised Core Project Finance Loan Documents, made available online by Infrastructure Asia, with the support of the Asia-Pacific Loan Market Association. Sustainable Finance 24. The Meeting commended the progress made by the ASEAN Taxonomy Board (ATB) on the issuance of Version 1 of the Key Components of the ASEAN Taxonomy for Sustainable Finance (Version 1) on 10 November 2021, which encapsulates the key components of a sustainable finance taxonomy catered to 4/7