World Bank: Expect 'more and bigger' outcomes-based bonds
Following the Bank's recent plastic waste reduction bond, Michael Bennett tells Ahren Lester that its ambitions are growing
World Bank issues $100m plastic waste reduction-linked bond
The World Bank has raised $100 million from a ground-breaking outcomes-based bond that links its coupon payments to verified plastic and carbon credits generated by projects in Ghana and Indonesia.
COP28: Sovereign sustainability-linked finance task force launched
Eight development banks and financial institutions have launched a technical task force to support the development and growth of the sustainability-linked finance market for sovereign issuers to achieve global climate and nature goals.
COP28: We need carbon markets, say Carney, Kerry and Banga
Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.
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.