Boosting green bonds in emerging markets
Emerging markets have been touted to have huge potential for green bonds for years, but still make up a relatively small share of green bonds issued and diversification into new emerging market countries and currencies is fairly slow. But efforts are underway to bolster the market, for example with IFC's announcement last year that it will launch a $2bn fund to provide anchor investments for emerging market green bonds. Speakers on this panel will discuss:
- The progress to date of the IFC's cornerstone fund and other efforts to boost emerging market efforts
- What is needed on individual emerging market government level to encourage more issues? Which governments are already doing this?
- Expectations for the year ahead – new countries, currencies
- Performance and risks – have the emerging market green bonds issued so far performed as expected? What are the main risks associated with the bonds?
Felipe Gordillo, Senior ESG analyst, BNPP Investment Partners
Evelyn Patricia Hartwick, Senior Financial Officer, IFC Treasury
Murray C. Simpson, Director Climate Resilience, Amec Foster Wheeler
Rahul Ghosh, Vice-President and Senior Credit Officer, Moody's Investors Service
Simten Ozturk, Manager, Infrastructure and Commercial Real Estate Finance projects, Garanti Bank
Moderator: Stephanie Sfakianos, BNP Paribas