22 Mar 2018

Fiji's Green Bond used to inspire emerging markets

From , 4:03 pm on 22 March 2018

Fiji's experience in the sovereign green bond market has been described as ground-breaking and bond experts are hoping it will inspire other emerging markets to offer such products.

The bonds are aimed at raising money for environmental projects and billions of dollars have been raised globally, increasingly from millenials concerned about climate change.

Fiji was the first emerging market to issue a sovereign green bond and has so far raised 60 million US dollars.

The International Finance Corporation's Aaron Levine helped write newly released guidelines for other markets based on Fiji's experience.