Sweden pledges extra $19m in Loss and Damage Fund
Sweden pledges additional $19 million to the Loss and Damage Fund at the 29th United ...
World Bank issues EUR 200m Sustainable Development Bond
The World Bank issued a EUR 200 million 30-year fixed rate callable Sustainable Development Bond due September 2050 as it continues to engage with investors on the Sustainable Development Goals (SDGs) that address water, sanitation and marine protection. JP Morgan acted as the sole manager of the transaction.
World Bank bonds support the financing of sustainable development projects and programs across a range of critical development sectors in member countries. This includes projects that promote sustainable water and sanitation solutions that ensure no one is left behind by helping countries strengthen capacity and institutions, service delivery, and water resources management.
The World Bank is also working with countries to promote strong governance of marine and coastal resources to support sustainable fisheries and aquaculture, make coastlines more resilient, establish coastal and marine protected areas, and those which improve solid waste management to reduce pollution in waterways and oceans.
“Through World Bank bonds, investors have an opportunity to engage on the purpose of their investment and the SDGs. We are happy to see continued interest in water conservation and the sustainable use of our oceans and waterways,” said Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank.
“Intimately linked to the sea, it is natural that the Macif Group decided to once again support the World Bank’s initiative to raise awareness for access to clean water and the health of our oceans,” commented the Macif Group.
The World Bank issues between $55- $65 billion in the global capital markets every year and proceeds of all its bonds support the financing of development programs that are aligned with the Sustainable Development Goals. World Bank Sustainable Development Bonds are consistent with the Sustainability Bond Guidelines published by the International Capital Market Association.
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