Green Bonds in World Bank Guide

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17th March 2018 Fiji Times Online

GREEN bonds issued last year by the central bank in a bid to finance the government's climate change resilience works continues to receive praise.

The latest being from the Capital Markets Advisory and Development Taskforce (CMADT) which met on March 14.

In its first update of the year, the CMADT said there was "continuing positive developments and global interest in the country's Green Bond issue."

Issued just before COP23 in November last year, the Fiji Green Bond raised $100m to directly fund climate resilience projects and was the first of its kind from an emerging market.

Established and issued inside of a year, the short time frame associated with the Fiji Green Bonds is to be the subject of a guide called "Guide to Sovereign Green Bond Issuance - Lessons from Fiji" that the World Bank will soon publish, according to the CMADT.

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