WB: workshop on green bond issuance in Tunisia
16/09/2019 19:23, TUNIS/Tunisia

(TAP) - A consultation workshop on the Guide Programme of Green Bonds in Tunisia will be organised on September 20, 2019 in Tunis, on the initiative of the Financial Market Council (French: CMF), in collaboration with the International Finance Corporation (World Bank Group) and with the support of the Canadian government and Hungarian bank Eximbank.

Experts from the World Bank (WB), the CMF and various international institutions will attend the workshop, said a statement issued by CMF.

According to data published by the WB, the green bond has helped raise awareness of the challenges posed by climate change and showed that investors can support climate-friendly solutions through safe investments, without sacrificing financial earnings.

"This model has been used as a basis for the development of green bond principles, under the coordination of the International Capital Markets Association (ICMA)."

It also highlighted the social value that these bonds could create as well as the need for greater emphasis on transparency," said the WB, recalling that it has issued nearly 150 green bonds in twenty different currencies and raised more than $ 13 billion from institutional investors or individuals around the world.

91 projects were qualified at the end of 2018 and commitments related to green bond proceeds amounted to $ 15.4 billion, $ 8.5 billion of which has already been allocated and disbursed to support projects in 28 countries and $ 6.8 billion are yet to be released, the statement indicated.

As of June 30, 2018, renewable energies and energy efficiency, as well as clean transport, were the main sectors included in the portfolio of projects financed by green bonds, accounting for 69% of the overall operations.

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