Monday, January 30, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

‘Emerging markets to generate $10tn by 2023’

Ehime Alex by Ehime Alex
April 19, 2021
in Economy, Front Page
0
Investisseurs & Partenaires closes IPAE 2 fund at €75m
0
SHARES
15
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Investment opportunities in emerging markets could generate over $10tn by 2030, the International Finance Corporation and Amundi, a European asset manager, said in a joint publication.

The ‘Emerging Market Green Bond Report 2020,’ published on Monday, provides an overview of emerging market green bond developments over the past year and discusses policy and regulatory changes driving issuance.

READ ALSO

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

Absence of sacrifice hurting our polity, elections – Enechionyia

It highlighted that despite last year’s economic challenges, the global green bond market proved resilient, achieving a key milestone of $1tn in cumulative issuance since 2007, with issuance of $280bn in 2020.

Read Also:

  • Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands
    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing…
  • Absence of sacrifice hurting our polity, elections – Enechionyia
    Absence of sacrifice hurting our polity, elections –…
  • Scholarly opportunities in W’Africa and youth development
    Scholarly opportunities in W’Africa and youth development

During the period, emerging market green bond issuance was robust with 174 green bonds amounting to $40bn in issuance from 101 issuers, adding that seven emerging markets issued green bonds for the first time.

East Asia and the Pacific accounted for the largest share of green bond issuance in emerging markets, at 76 per cent.

In 2020, China remained the largest green bond issuer in emerging markets, despite a fall in issuance, from over $30bn in previous years to $18bn, due to the COVID-19 crisis and a government push to issue pandemic-related bonds.

Outside China, emerging market green bond issuance rose 21 per cent in 2020 to $22bn, representing faster growth than the 17 per cent increase in global green bond issuance.

The report showed that 2020 also saw continued interest from a diverse pool of issuers, with $300m issuance from non-financial corporates.

Financial institutions make up 50 per cent of cumulative green bond issuance by volume in emerging markets, which contrasts with 19 per cent in developed markets.

Director of Global Macro  and Market Research at IFC, Jean Pierre Lacombe,  was quoted to have commented, “Robust investor appetite and increasingly supportive policy environments will continue to support the growth of green bond markets in emerging markets.

“This is now critically important, with investment for sustainable development urgently needed to lessen the pandemic’s profoundly negative social and economic consequences. This is especially true as regards the damage done to efforts to reduce global poverty, where several additional years will now be needed to regain ground lost due to COVID-19.”

The Global Head of Emerging Markets at Amundi, Yerlan Syzdykov, added, “Through this unique and innovative partnership with  IFC, Amundi remains committed to the development of the green bond market in emerging countries through vigorous and robust engagement efforts with different market participants to boost both supply and demand of green bonds.

“Financial markets are set to play a key role in supporting sustainable projects and the outlook for emerging market green bond issuance remains robust, with issuance expected to hit $100 billion over the next three years.”

Tags: Emerging marketsIFC

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Zelenskyy
EMPIRE

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia
EMPIRE

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria
Front Page

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships
CULTURAL CURRENTS

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays
CONSUMER PERSPECTIVE

Frustration of bank customers during public holidays

January 17, 2023
Front Page

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Next Post
Funding, others key to quality healthcare – CMA

Funding, others key to quality healthcare – CMA


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays

Frustration of bank customers during public holidays

January 17, 2023

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Ehizua Hub

Ehizua Hub, Igbinedion launch IUO Okada Hub

January 14, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
  • Scholarly opportunities in W’Africa and youth development

    0 shares
    Share 0 Tweet 0
  • Case for petty trading and investment in Nigeria

    0 shares
    Share 0 Tweet 0
  • Why Nigerian consumers prefer foreign goods

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS