Unlocking the Potential for Emerging Markets and Developing Economies
This report focuses on the potential for emerging market sovereign issuers to tap these pools of capital, based on surveys of public debt management offices and investors. It also suggests how to meet market and investor expectations, underpinning the importance of green, social and sustainable investing.
The dramatic impacts of climate change are being felt worldwide, and most countries have committed to take action to avoid its worsening and adapt to its unpreventable consequences. In particular, countries signed and adopted the Paris Agreement on climate change in 2015 and designed ambitious nationally determined contributions (NDCs) to implement adaptation and mitigation actions. The NDCs require substantial funding and are part of an even more significant financial need to meet the United Nations Sustainable Development Goals (SDGs). It is estimated that between U.S. dollar (USD)5 trillion and USD7 trillion is required around the globe to finance and meet the SDGs (UNCTAD 2014). In developing countries alone, SDG investment needs range from USD3.3 trillion to USD4.5 trillion for basic infrastructure, food security, climate change mitigation and adaptation, health, and education (UNCTAD 2014).
