Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers

Peter Lindner and Kay Chung

No 2023/058, IMF Working Papers from International Monetary Fund

Abstract: This paper aims to provide guidance to issuers of sovereign ESG bonds, with a focus on Emerging Market and Developing Economies (EMDEs). An overview of the ESG financing options available to sovereign issuers is followed by an analysis of the operational requirements and costs that the issuance of sovereign ESG bonds entails. While green bonds are the instruments used to describe the issuance process, the paper also covers alternative instruments, including social and sustainability-linked bonds to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace.

Keywords: Bond issuance; Climate finance; ESG bonds; Green bonds; Public Financial Management; Social bonds; Sovereign debt management; Sustainable finance; Sustainability-linked bonds; ESG bond; ESG debt; ESG-focused investor; topology of ESG; Bonds; Corporate social responsibility; Sovereign bonds; Global (search for similar items in EconPapers)
Pages: 63
Date: 2023-03-10
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