Concrete suggestions from the report are: to recognise the multifaceted role of PDBs in supporting local bond issuance by prioritising SDG alignment in their mandates; the importance of tailoring issuances to local contexts, ensuring country ownership and supporting the development of local capital markets; The importance of encouraging the use of risk mitigation strategies and instruments leverag. [...] One of the key benefits of the green, social and sustainability bond issuances from development banks is related to the opportunity to transfer the financial gains from their issuances to their end beneficiaries, in the form of better lending conditions. [...] Example of the LAGREEN fund launched by KFW The LAGREEN fund was recently launched as an initiative of the German Development Bank (KfW) with the goal of promoting the development of a green bond market in Latin America and the Caribbean and of supporting climate, environmental and social benefits in the region. [...] Finance in Common In the framework of the Finance in Common Summit, which took place in November 2020 gathering for the first time more than 450 PDBs from all over the world, PDBs have signed a joint declaration to express their commitments and contribution to enhance the fundamental drivers of sustainable recovery towards the achievement of the Sustainable Development Goals (SDGs) and the objecti. [...] In this context, PDBs have expressed their willingness to contribute to the emergence of a much-needed global framework for SDG-compatible finance by “collectively contributing to the preparation and implementation of common methodologies for the characterization of SDG- and Paris Agreement-aligned investment”, building on the work of the OECD and UNDP on SDG-compatible finance, on the work carrie.
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