Emerging Market Green Bonds 2023

The sixth edition of the IFC-Amundi report finds that the issuance of green, sustainability, sustainability-linked and social (GSSS) bonds in emerging markets surged in 2023. Sovereign, financial and corporate borrowers sold 45 percent more of the securities to investors than they did the previous year. Furthermore, demand for sustainable securities from portfolio investors looking to diversify into emerging markets means this growth has further to run. Amundi’s central forecasts suggest GSSS bond sales will grow at around 7 percent per year through to 2025.

The report examines green bond issuances by region, including debt-for-nature swaps and bonds that fund reforestation and forest restoration efforts.