World Bank: 'Save' SLBs with stricter standards and scrutiny
The World Bank said there are encouraging signs that the quality of sustainability-linked bonds (SLBs) is improving, but standard-setters, external reviewers and regulators also need to up their game to support the "revival".
'Landmark' Global Biodiversity Framework fund launched - but with $40m shortfall
A 'landmark' Global Biodiversity Framework fund was finally given the go ahead, but after just two governments made funding commitments, a further $40 million needs to be found by the end of the year.
Economists promise COP28 roadmap to reform financial system
A "roadmap" to reform international climate finance is to be delivered at the COP28 climate conference in Dubai that will involve measures to catalyse more private finance in developing countries.
World Bank: nature policy reform needed to scale private finance
Boosting investment in natural capital requires global policy reform to signal the scarcity of natural resources, the World Bank said.
Folksam backs first 'road safety' bond from World Bank
Swedish insurance firm Folksam has fully invested in a SEK1 billion ($93 million) Sustainable Development Bond from the World Bank, which is believed to be the first focused on road safety enhancing projects in developing countries.
World Bank issues 'unique' carbon credit-linked bond
The World Bank has raised $50 million from an outcomes-based bond which links its coupon payments to verified carbon credits generated by a water purification project, described as a "unique" and "important" deal by investors backing the transaction.
World Bank sees 'global interest' in sovereign sustainability-linked bonds
The World Bank hopes to fuel "global interest" among sovereigns in issuing sustainability-linked bonds (SLBs), and the development bank is rapidly expanding its initiatives to support the market
World Bank, Banco do Brasil launch $500m sustainability-linked loan project
The World Bank has agreed a $500 million package to support lending through sustainability-linked finance to Brazilian firms via Banco do Brasil,...