UN Women, International Capital Market Association and IFC launch new guide on the use of sustainable bonds to advance gender equality

UN Women, IFC and the International Capital Market Association (ICMA) have launched a new practical guide to using sustainable bond issuances to advance gender equality, entitled “Bonds to Bridge the Gender Gap: A Practitioner’s Guide to Using Sustainable Debt for Gender Equality”. Gender inequalities persist in every country and society around the world but COVID-19 has revealed how the crisis has disproportionally affected women. With less than a decade remaining to achieve the 2030 Agenda for Sustainable Development, financing solutions that drive gender equality must be accelerated. Global debt capital…

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IFC and Institutional Investors Embark on New Multi-Billion Climate Finance Initiative

IFC has announced that it will partner with two institutional investors, Allianz through Allianz Global Investors, and the Hong Kong Monetary Authority, to create a new $3 billion global platform for climate-smart investment aligned with the Paris Agreement. The new program, MCPP One Planet, combines institutional investor contributions with IFC’s own funds to scale up climate-responsible financing for private companies in emerging markets. MCPP One Planet will create the world’s first cross-sectoral portfolio of emerging-market loans aligned with the Paris Agreement. The facility enables institutional investors to directly provide capital…

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IFC, Amundi Launch $2B Bond Strategy to Support Green, Resilient, Inclusive Recovery

Addressing the dual challenges of inequality and climate change, IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have agreed to establish a new fund to mobilize up to $2 billion in private investment into emerging market sustainable bonds that support COVID-19 relief efforts and promote a green, resilient, and inclusive recovery from the pandemic.                                                                 Unveiled…

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IFC Invests $4.9 Billion to Support Green and Inclusive Recovery from COVID-19 in Europe and Central Asia

To support a green and inclusive recovery from COVID-19 in Europe and Central Asia, IFC invested over $4.9 billion in the region in fiscal year 2021, which ended on June 30. Up from $3.1 billion last year this year’s commitment mobilized over $2 billion from other investors and focused on driving the region’s transition to clean and renewable energy while tackling climate change, boosting competitiveness and productivity, promoting inclusion, and expanding digital transformation and connectivity. Climate finance represented over 40 percent of IFC’s own account long-term investments in the region.…

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IFC, Levi Strauss & Co. Deepen Partnership to Boost Supplier Sustainability

In a move to encourage textile and apparel suppliers to improve energy and water efficiency and reduce greenhouse gas emissions, IFC and Levi Strauss & Co. (LS&Co.) are expanding their joint efforts to make lower interest rates available to LS&Co. suppliers that demonstrate progress in meeting the global apparel brand’s climate commitments.   This initiative builds on IFC and LS&Co.’s existing work together through the global Partnership for Cleaner Textiles (PaCT) and IFC’s Global Trade Supplier Finance (GTSF) program, which can offer working capital, such as trade financing, at lower…

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