Sustainable finance continues to be a key focus area for global investors and policymakers. While advanced economies had taken an early lead in this segment, 2021 was a breakout year for emerging markets in this segment—with a doubling in Environmental, Social, and Governance (ESG) bond issuance. IMF financial economists Rohit Goel, CFA, CAIA, FRM and Deepali Gautam recently released their inaugural special feature on sustainable finance markets in emerging market countries (EMs), which takes a stock of the development of these markets for EMs. The authors note that not only has the EM ESG market expanded sharply overall, but there is a rapid expansion across dimensions and categories. After China—Chile, India, and Mexico have issued the highest amount of ESG-linked bonds. Also evident is the significant differentiation among countries when comparing various features and trends of ESG instruments like currency denomination, maturity profile, and distribution across the different economic sectors. #SustainableFinance #EmergingMarkets #ESG
IMF Market Insights’ Post
More Relevant Posts
-
Higher long-term real interest rates, lower growth, and higher debt are putting pressure on medium-term fiscal trends and financial stability. In a new blog 👉 https://lnkd.in/e6mvPN4V Tobias Adrian, Vitor Gaspar, and Pierre-Olivier Gourinchas examine the fiscal and financial risks of a high-debt, slow-growth world. #IMF #IMFBlog #economy #inflation #debt
To view or add a comment, sign in
-
The IMF and IOSCO are pleased to announce their first joint conference on the occasion of the IMF and World Bank Spring Meetings 2024 to be held in Washington D.C. and open to all Spring Meetings registered attendees. “Stabilizing the Future: Managing the Nexus between Growing Capital Markets and Stability Implications” Monday April 15, 2:00–6:00 pm This conference will leverage IMF and IOSCO’s financial stability and capital markets expertise to deliver high-level discussions across three panels: 🔹 Improving Resilience of Funding Markets 🔹 The Rising Significance of Private Funds 🔹 Evolving Interactions between Central Banks and Securities Market Regulators The Conference will feature high-level representatives from the IMF and IOSCO ecosystems including Gita Gopinath (First Deputy Managing Director, IMF), Tobias Adrian (IMF Financial Counsellor and Director of the Monetary & Capital Markets Department) and Jean-Paul Servais (Board Chair, IOSCO), as well as other senior stakeholders. Confirmed speakers also include: 🔸 Shigeru Ariizumi, Vice Minister for International affairs, Japan FSA 🔸 Marie-Anne Barbat-Layani, Chair, Autorité des Marchés Financiers (AMF), France 🔸 Madhabi Puri Buch, Chair, Securities and Exchange Board of India 🔸 Jack Inglis, CEO, Alternative Investment Management Association 🔸 Nellie Liang, Chair, FSB SCAV and Under Secretary, U.S. Treasury 🔸 Gabriel Makhlouf, Governor, Central Bank of Ireland 🔸 Andrew Mogavero, Managing Director & Global Head of Credit Products, Barclays 🔸 Martin Moloney, Secretary General, IOSCO 🔸 Fabio Natalucci, Deputy Director of Monetary & Capital Markets Department, IMF 🔸 Nikhil Rathi, CEO, UK Financial Conduct Authority (FCA) 🔸 Steven Seitz, Director, US Federal Insurance Office 🔸 Jay Surti, Division Chief, Financial Supervision & Regulation, IMF All participants attending the 2024 IMF and World Bank Spring Meetings are welcome to register for the conference via IMF Connect: https://lnkd.in/dt-JnEE4 #IMF #IOSCO #economy #finance
Home
imfconnect.org
To view or add a comment, sign in
-
Central banks face many challenges to their independence. Calls are growing for interest-rate cuts, even if premature, and are likely to intensify as half the world’s population votes this year. Risks of political interference in banks' decision making and personnel appointments are rising. Governments and central banks must resist these pressures. But why does this matter? In a recent blog 👉 https://lnkd.in/egNVWnPR IMF Managing Director Kristalina Georgieva explains why independence is critical to winning the fight against inflation and achieving stable long-term economic growth. #IMF #IMFBlog #economy #inflation #centralbanks #interestrates
Strengthen Central Bank Independence to Protect the World Economy
imf.org
To view or add a comment, sign in
-
How to address barriers to climate investments in emerging market and developing economies? Increases in interest rates globally over the past two years, coupled with heightened policy and geopolitical uncertainty, have dampened investors’ appetites for investing in EMDEs as developed markets offer more attractive risk profiles. Against a challenging financial backdrop, significant volumes of concessional resources are needed to improve the risk profile of climate investments in EMDEs and to make them financially viable for private capital. In a new article 👉 https://lnkd.in/eKHUbqaP Ekaterina (Katya) Gratcheva, Fabio Natalucci and Cindy van Oorschot explain how blended finance can play a transformational role in bridging the interests of public and private capital if the proper policy, institutional and climate frameworks—tailored to EMDE-specific circumstances—are in place to foster a conducive investment environment. #climate #emergingmarkets #blendedfinance
Addressing barriers to climate investments in EMDEs - OMFIF
omfif.org
To view or add a comment, sign in
-
Is more work is needed to make big banks resolvable? Almost a year ago, Credit Suisse, a globally systemic bank with $540 billion in assets and the second-largest Swiss lender, founded in 1856, failed and was sold to UBS. In the United States, Silicon Valley Bank, Signature Bank and First Republic Bank failed at around the same time amid Federal Reserve interest rate hikes to contain inflation. With a combined $440 billion of assets, these were the second, third, and fourth biggest bank resolutions since the Federal Deposit Insurance Corporation was created during the Great Depression. This banking turmoil represented the most significant test since the global financial crisis of ending too-big-to-fail—whereby a systemic bank can be resolved while preserving financial stability and protecting taxpayers. So, what’s the verdict? In a new #IMFBlog 👉 https://lnkd.in/ezyE_-FW Tobias Adrian and Marc Dobler discuss how significant progress has been made, but how further work is required. #IMF #economy #banks #finance
More Work is Needed to Make Big Banks Resolvable
imf.org
To view or add a comment, sign in
-
What are latest developments affecting global financial stability? The Hong Kong Academy of Finance, the Hong Kong Institute for Monetary and Financial Research, and the IMF recently hosted a high-level seminar on the “Outlook for Global Financial Stability.” In a wide-ranging discussion, IMF Financial Counselor and Director of the Monetary and Capital Markets Department Tobias Adrian touched on current risks to global financial stability, implications of geopolitical fragmentation, climate transition finance, the Chinese property market, CBDCs and tokenization, and emerging market capital flows. Watch here 👇 🔹 Highlights Video (6 minutes): https://lnkd.in/gRMREEmz 🔹Full Video (60 minutes): https://lnkd.in/er5bhGzq #IMF #economy #GFSR #banks #emergingmarkets #climate
AoF-HKIMR-IMF Seminar on the "Outlook for Global Financial Stability" (Highlight)
https://www.youtube.com/
To view or add a comment, sign in
-
In March 2023, the US banking sector turmoil sent a shockwave through the global financial system. Silicon Valley Bank, the 16th largest bank in the country, collapsed in a matter of days, followed by Signature Bank and First Republic Bank, marking the largest bank failures after Washington Mutual Bank in 2008. Triggered by sizable deposit outflows, this event raised concerns about the soundness of the rest of the US banking sector, in particular, other banks of similar or smaller size with large amounts of uninsured deposits, unrealized losses, and commercial real estate exposures. The March turmoil is a powerful reminder of the challenges posed by the interaction between tighter monetary and financial conditions and the buildup in vulnerabilities—challenges amplified by ineffective interest, liquidity, and credit risk management practices at some banks. A new Global Financial Stability Note offers an analysis of the main attributes of the affected banks to assess the extent to which vulnerabilities persist in a weak tail of banks 👉 https://lnkd.in/eaP45KAB Tobias Adrian Nassira A. Abbas Silvia L. Ramirez Gonzalo Fernandez Dionis,
The US Banking Sector since the March 2023 Turmoil: Navigating the Aftermath
imf.org
To view or add a comment, sign in
-
In March 2023, three banks failed in just a few days. These banks—Silicon Valley Bank, Signature Bank, and First Republic—were among the biggest banks to fail in US history. One year later, what lessons have been learned from the bank failures? What regulatory changes are still needed to reduce the chances of a repeat? And what did the failures demonstrate about the adequacy of current approaches to resolving failing banks? On Tuesday, March 5 at 9:15 am EST, IMF Financial Counselor and Director of the Monetary and Capital Markets Department Tobias Adrian will join a panel discussion hosted by the Brookings Institution’s Hutchins Center on Fiscal & Monetary Policy and Center on Regulation and Markets to reflect on these questions and discuss the current shortcomings of bank supervision, the lender of last resort function, and bank risk management practices that exacerbated the March 2023 crisis and how best to address them. Register to attend in person or watch online: https://lnkd.in/d93mYJXZ #IMF #economy #banks
One year later: Lessons learned from the March 2023 bank failures | Brookings
https://www.brookings.edu
To view or add a comment, sign in
-
Crypto assets can have implications for macroeconomic and financial stability. In a recent speech 👉 https://lnkd.in/eW8mw6Vp IMF Financial Counselor and Director of the Monetary and Capital Markets Department Tobias Adrian discussed the fast changing landscape of crypto assets, focusing on considerations for regulatory and supervisory authorities. The speech also touched on how the IMF is helping its member countries to implement the Financial Stability Board's Global Regulatory Framework for Crypto Asset Activities. #IMF #economy #crypto #financialstability
The Changing Landscape of Crypto Assets—Considerations for Regulatory and Supervisory Authorities
imf.org
To view or add a comment, sign in
-
Central banks are among the most important economic governance institutions in the world today. They manage the money supply and broader financial conditions in ways that impact inflation, real activity, and financial stability. How do the laws structuring central banks affect their decisions? What relationship, if any, does central bank legislation have with economic outcomes such as price stability, real activity, and financial stability? Many inquiries focus on “central bank independence”—the ability of central bankers to set monetary policy independently of other government officials, particularly members of the executive branch. In a new IMF working paper 👉 https://lnkd.in/gsDUyekM, authors Tobias Adrian, Ashraf Khan, and Lev Menand construct a new index for de jure central bank independence, the first entirely new index in three decades. The index draws on a comprehensive dataset from the IMF’s Central Bank Legislation Database and Monetary Operations and Instruments Database and weightings derived from a survey of 87 respondents, mostly consisting of central bank governors and general counsels. While the paper presents the key features of the new index, which improves upon existing indices, a companion (forthcoming) paper will provide detailed findings by country/region, income level, and exchange rate regime. #IMF #ecomomy #centralbanks #inflation #monetarypolicy
A New Measure of Central Bank Independence
imf.org
To view or add a comment, sign in
29,563 followers