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2014 (2)

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Next Season's Green Bond Harvest : Innovations in Green Credit Markets.
Authors: --- --- ---
Year: 2014 Publisher: Washington, D.C. : The World Bank,

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Abstract

Capital markets have been a source of funding for green investments for a number of years, but until recently, financing was predominantly from equity. Private equity, venture capital, and government funding were the most accessible sources of capital when green technologies such as solar and wind were in early stages of development. More recently, as these technologies have been tested, proven, and refined, funders have naturally progressed along the capital structure towards public equity and debt financing to support growth and scale. At the same time, leading financial institutions have provided impetus for expanded green investing. International Finance Corporation (IFC) and the Kellogg School of Management have collaborated to author this paper which attempts to cover the bounty of credit tools available for harvesting by issuers and sponsors, with the aim of attracting new investments to green industry. This paper is the first in a series to proffer avenues to enhance the financial environment towards addressing this gap. This paper presents a brief overview of efforts that can circumvent these barriers by introducing a mix of innovative products to attract different kinds of fixed income investors and draw more private capital into funding green technologies.


Book
Remarks at the Development Committee Press Conference, IMF-World Bank Annual Meetings, Washington, D.C., October 11, 2014
Authors: ---
Year: 2014 Publisher: Washington, D.C. : The World Bank,

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Jim Yong Kim, President of the World Bank Group, discusses the problem of global inequality. He speaks about the commitment for building the platform which would bring the expertise of not only the World Bank, but the International Monetary Fund (IMF) and other multilateral development banks, to prepare projects and bridge the gap in what is a market failure. He speaks about the companies that were represented, sovereign wealth funds, the countries that had signed on, including China, which has made very strong commitments to finding a price on carbon for the world. He highlights about the need for some source of funding that will disperse immediately on the occasion of the next epidemic, and the global community needs to come together to decide what the response will be. Christine Lagarde, IMF Managing Director, commended Kim on his efforts in the fight against Ebola. Lagarde noted that much of Africa is growing and creating jobs. The two fielded questions on Ebola, the role of China in these institutions, China's investment-led growth strategy, and the Asian Infrastructure Investment Bank.

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