BEIJING, May 11, 2023 /PRNewswire/ The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing. The purpose of the Climate Adaptation Bond is to raise awareness about climate-resilient and adaptive infrastructure investments. In 2015, the Paris Agreement established the global goal of adaptation and AIIB has committed to be fully aligned with the Paris Agreement by July 1, 2023. Climate adaptation financing is about investing now to make infrastructure assets more resilient so that as the effects of climate change intensify, infrastructure is able to protect vulnerable communities in the long-term. Asia, as a region, is already experiencing the effects of climate c
BEIJING, May 11, 2023 /PRNewswire/ The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing. The purpose of the Climate Adaptation Bond is to raise awareness about climate-resilient and adaptive infrastructure investments. In 2015, the Paris Agreement established the global goal of adaptation and AIIB has committed to be fully aligned with the Paris Agreement by July 1, 2023. Climate adaptation financing is about investing now to make infrastructure assets more resilient so that as the effects of climate change intensify, infrastructure is able to protect vulnerable communities in the long-term. Asia, as a region, is already experiencing the effects of climate c
Remittances sent by expatriate Bangladeshis are one of the vital sources of foreign currencies for the country’s economy. Needless to say, remittance plays a crucial role at both macro and micro levels.
Japanese Investors Purchase First Sustainable Development Bond Raising Awareness for World Bank Biodiversity Conservation Efforts miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new $3 billion 7-year Global Sustainable Development Bond benchmark.