Encouraging Green and Sustainability Bonds issuances in Emerging Market Real Economy: Nigeria and Ghana
Emerging markets will require a substantial amount of investment to meet their Nationally Determined Contributions as part of the Paris Agreement. The green/sustainability bond market – a keyway to leverage private capital – is generally underdeveloped in many emerging markets due to the lack of capacity and inconsistency between green/sustainability bond standards in different markets. However, some countries have developed ambitious strategies and have pioneered in developing a sustainability framework setting the tone for a shift in the market. IFC has partnered with Environmental Finance to understand the current status of green and sustainability bond issuances in Africa with a special focus on Egypt, Ghana, Morocco, Nigeria, South Africa and on the Power, Transport and Agribusiness sectors. This webinar aims to present the outcome of the study, discuss with key stakeholders the challenges ahead, and propose IFC’s support for real economy corporates in emerging markets in Africa.
