IFC Issues $2 Billion Social Bond to Fund Projects in Emerging Markets

The International Finance Corporation (IFC) has raised $2 billion through a new social bond offering, which was over five times oversubscribed with an order book totaling $11 billion, marking its largest bond issuance ever. The proceeds will support projects for low-income communities in emerging markets, focusing on vulnerable populations such as women and refugees. This follows the recent issuance of a 1 billion Australian dollar social bond and aligns with IFC’s updated social bond framework targeting essential infrastructure, health, education, and food security. IFC officials emphasized the role of social bonds in addressing rising inequality and poverty. Resources: https://www.esgtoday.com/ifc-issues-2-billion-social-bond-to-fund-projects-in-emerging-markets/