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Strengthening green bond markets in Africa: AfDB signs a joint partnership agreement with the Global Green Bond Initiative

06/12/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Dans le cadre d' une collaboration en matière d' assistance technique, le groupe de la Banque africaine de développement (BAD) a signé un accord de partenariat conjoint avec la coalition d' institutions de financement Of development of the Global Green Bond Initiative.

The AfDB is thinking about promoting green bond markets in Africa. Africa's commitment to the green bond market currently represents less than 1% of the over $2'é 200 milliards de dollars d style="font-family: "Bookman Old Style”, "serif"">missions d ' community green bonds in 2022. This new strategic partnership is part of the Global Green Bond Initiative technical assistance program, which was announced in June 2023 by the President of the European Commission, Ursula von der Leyen

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It will allow the inflow of private capital from institutional investors to climate and environmental projects in EU partner countries, and improve their access to capital through technical assistance provided to green bond issuers in emerging markets and developing economies (EMDE), and by attracting private investors through a dedicated risk-free fund, which will act as the lead investor in green bonds issued in EMDEs

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