In 2018, IFC launched the Green Bond Technical Assistance Program (GB-TAP), an IFC-managed and administered program, to create a market for green bonds in developing countries. To achieve this goal, GB-TAP provides technical assistance on green bond issuances and delivers global public goods through a range of activities and initiatives. The program was developed in partnership with the Swiss State Secretariat for Economic Affairs (SECO), the Swedish International Development Cooperation Agency (SIDA), and the Ministry of Finance of Luxembourg.
In March 2018, IFC originated the Amundi Planet Emerging Green One Fund (AP EGO), the largest green bond fund in emerging markets, selecting Amundi Asset Management as a fund manager. The fund will invest more than $2 billion in emerging market green bonds during its investment period, helping generate strong demand for the asset class.
With GB-TAP and the AP EGO Fund, IFC aims to stimulate both demand and supply of green bonds in emerging economies. You can read more about how we pursue these Global Public Goods below and on the linked pages.
Training for Banks in Emerging Markets
To stimulate the supply of green bonds in emerging markets, GB-TAP provides training programs tailored for emerging markets financial institutions. GB-TAP offers two types of training programs: a five-day in-class SSE Executive Training Program and a four-week Executive Online Program.
Publications & Events
GB-TAP contributes to the growth of the green bond market in emerging economies by creating and disseminating knowledge and best practices. This includes publishing research reports and case studies as well as sponsoring and hosting conferences and events. For these activities, IFC conducts its own research on green bonds in emerging markets and collaborates with universities to create new research reports and case studies.
Green Finance Review Protocol (GFRP)
IFC launched this initiative to develop a protocol for external review and quality reporting of green bonds in emerging economies. This protocol will enable the comparability of green bond data coming from second opinions, external-review reports, green bond frameworks, impact reports, and diverse taxonomies used by market participants. This project is funded by GB-TAP.COMING SOON
Environmental, Social & Governance (ESG) Factors
This initiative seeks to develop Environmental, Social, and Governance (ESG) indicators and tools for emerging market issuers of bonds and other products. The development of this framework will promote dissemination of good ESG practices, increase the availability of publicly available ESG information on issuers, and lead to enhanced reporting.