Developing green bond markets for Africa

Abstract

policy brief 3 developing green bond markets for africa a joint fsd africa- odi research program for financial sector development in africa judith e. tyson july 2021 key messages sub-saharan africa urgently needs to mobilise $50bn annually to address climate adaptation and green economic growth in agriculture, power and urban infrastructure. regulatory and market frameworks for domestic green bond markets has progressed need to be taken to the next level. green bond issuances by national governments and supranational bodies should be the immediate priority to build market momentum as well as direct financing of climate investments. building the investor base amongst domestic institutional investors and specialist ‘green’ international investors is critical. supporting new issuers through anchor capital and technical support for meeting green bond certification and listing requirements are key areas for donor interventions. the joint fsd africa-odi research program - policy brief 3 acknowledgements the joint fsd africa- odi research program for financial sector development in africa fsd africa is a specialist development agency working to build and strengthen financial markets across sub-saharan africa. its mission is to reduce poverty through a ‘market systems development’ approach addressing the structural, underlying causes of poverty by improving how financial market systems function. draft – not for circulation. as part of this research, fsd africa have partnered with …

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