The Green Bond Market grew to over USD 40bn in 2015, up from just over USD 3bn three years earlier. Green Bonds enable bondholders, from individual investors to large organisations, to support the financing of environmental projects, with low carbon and climate resilience being especially popular themes.
Climate change is expected to severely impact the MENA region and tackling climate change is therefore a key priority both for the Mediterranean countries’ governments and for their international partners. After the historic agreement reached in Paris last November and in the run-up to the COP 22 in Marrakech, our “EIB MED Conference: Climate Action in the Mediterranean” will focus on climate change adaptation, mitigation and climate finance.
The formal private sector in the Middle East and North Africa (MENA) economies needs to play a critical role for the overall economic transformation of the region. Creating a conducive environment for private sector development depends on a sound understanding of the performance of private firms, as well as the problems they face.
Representatives from the EIB met together with financial partners from the African, Caribbean and Pacific countries (ACPs) to discuss the importance of supporting developing countries through investing in equity funds in ACP economies.