Agence Française de Développement announced on Thursday that it will be launching a new framework showing how its treasury activities promote the UN’s Sustainable Development Goals. It has also boosted its funding programme to allow it to meet its clients’ additional needs caused by the coronavirus pandemic.
This week in Keeping Tabs: what explains the relative performance of different EU countries and what does this mean for fiscal and monetary policy; why you should brace for US election chaos; and how to harness finance for green purposes.
A €100m fund launched this week aims to leverage as much as €4bn from private investors and other sources to close a financing gap cities face in implementing infrastructure projects to tackle climate change.
After a week without deals, the primary euro public sector bond market will see a return of activity next week with Bank Nederlandse Gemeenten and the State of North Rhine-Westphalia preparing to bring sustainable deals in the currency.
The delayed launch of the European Commission’s vast funding programme has thrown bond bankers into a fever of anticipation. The immense prestige of a programme of such international importance, as well as the sizeable fees to be won, means they are under huge pressure to develop strong relationships with the EC and win mandates. Some[…]
The coronavirus pandemic has sparked an unprecedented wave of sovereign borrowing. Much of the paper has, unsurprisingly, ended up on the balance sheets of domestic banks. This has, equally unsurprisingly, prompted a fresh round of worry about the strengthening of the sovereign-bank nexus.
The Asian Infrastructure Investment Bank and the New Development Bank, two relatively new supranational borrowers with a focus on the emerging markets, made a big splash in dollars this week as they continue to build out their curves. The issuers managed to achieve strong results despite facing worse volatility than expected as markets soured amid[…]