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The International Finance Corporation IFC, together with asset manager Amundi, have announced to create the world’s largest green-bond fund dedicated to emerging markets, the Green Cornerstone Bond Fund. The USD 2bn fixed income fund will be domiciled in Luxembourg.
The fund will buy green bonds issued by banks in Africa, Asia, the Middle East, Latin America, Eastern Europe and Central Asia. IFC will invest USD 325 million, while Amundi will raise the rest from institutional investors worldwide. The fund will deepen new green capital markets in countries where such a market was non-existent so far. “As strategic partner of Green Cornerstone Bond Fund, Luxembourg demonstrates its strength as a financial centre and accepts its responsibilities in the fight against...
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