There was dramatic growth in sustainable bond issuance globally in 2021, reaching $1.03 trillion, 69% higher than 2020 issuance. This growth predominantly occurred in developed markets, with 9/10 sustainable bonds issued by developed market issuers. Together with Environmental Finance and HSBC, IFC issued a report to survey the five focus countries of Egypt, Morocco, Ghana, Nigeria, and South Africa which have issued 20 sustainable bonds. This report reviews the challenges and opportunities in each country for future sustainable bond issuance across three key sectors: power, transport, and agribusiness.
