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June 22, 2023

Institutional Commitment to Support the Issuance of Sustainability-Linked Sovereign Debt

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Providers of (re)insurance solutions express their intent to collaborate and reduce the borrowing costs for developing countries.

Major providers of insurance and reinsurance solutions have pledged to collaborate and work with the governments to reduce the borrowing costs for developing countries. They have expressed their willingness to support the issuance of sustainability performance-linked sovereign debt instruments addressing the threefold crisis of debt, climate and nature. 

Statement of Intent:

There is an urgent need for ambitious action to reduce the cost of capital for developing countries and to combat the impacts of nature loss and climate change. Increasing the issuance of sovereign sustainability-linked debt and scaling the use of sustainability KPIs in debt refinancing, restructurings and blended finance structures are all plausible solutions to help sovereigns finance their economies in the wake of a triple debt, nature and climate crisis. Successful transactions will require collaboration between public and private sector actors willing to structure shared risk solutions. These solutions should facilitate access to affordable capital, encourage investing in nature-positive initiatives and improve socio-economic conditions.

Our organisations are committed to supporting the sustainability-linked sovereign bond issuance and  refinancing and/or restructuring of debt. By working together, and with sovereigns, we can enable greater investment in nature, communities and businesses.

If you are interested in adding your institution’s support to this statement of intent please contact ssdh@naturefinance.net

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