Fijian Sustainable Bond Framework launched at COP27

Fijian Sustainable Bond Framework launched at COP27

By Zodelle Bhan
Friday 11/11/2022
[Photo: Supplied]

The Fijian Sustainable Bond Framework has been launched at COP27 in Sharm El-Sheik, Egypt.

The Government says the Framework is the first of its kind developed by a Small Island Developing State that creates a robust taxonomy for green, blue and social projects.

It is expected to help Fiji better communicate its sustainable development finance priorities with bilateral, multilateral, private and philanthropic investors.

Fiji’s Head of Delegation and Permanent Representative to the United Nations in New York, Ambassador Satyendra Prasad, says Fiji decided to develop an all-encompassing sustainable bond framework that now allows them to clearly define their capital market operations and leverage new and additional funding for sustainable development agenda.

He acknowledged the United Kingdom for its continued support of Fiji’s blue economy ambitions and commended the United Nations Development Programme for providing world-class technical support to not only develop the Framework for Fiji but help structure Fiji’s sovereign blue bond issuance as well.

UK’s Minister of State for Asia, Energy, Climate and Environment, Right Honourable Lord Zac Goldsmith commended Fiji on taking innovative steps to resource mobilise for its climate ambitions and highlighted the significant potential for other small island states to follow suit.

He reminded the people that Pacific countries are large ocean states and that the United Kingdom remains a committed partner in the region to help advance climate and ocean ambitions.

UNDP’s Director for Global Centre on Technology, Innovation and Sustainable Development, and Senior Principal Advisor for SIDS, Riad Meddeb, praised Fiji’s foresight in seeking innovative finance solutions and thanked the Fijian Government for trusting UNDP to support its blue bond journey.

The event was attended by high-level delegates that included the President of Palau, Surangel Whipps Junior and the Samoan Minister of Natural Resources and Environment Toeolesulusulu Cedric Schuster.



Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Womens Rugby World Cup 2022
Quarter-final qualification is now the goal for the Rooster Chicken Fijiana 15’s following their 21-17 victory against South Africa.
103 days ago

Queen Elizabeth II passes away
Queen Elizabeth II, the UK's longest-serving monarch, has died aged 96, after reigning for 70 years.
133 days ago

Fiji wins Melrose Cup after 17 years
Fiji wins the RWC 7s title after 17 year drought
135 days ago
FEATURE NEWS
Riyaz Sayed-Khaiyum received $304,453.08 during COVID year – Amrit
Fijian Broadcasting Corporation Board Chairman, Ajay Bhai Amrit has today revealed that sacked CEO of FBC Riyaz Sayed-Khaiyum received $304,453.08 dur...
4 hours ago
LATEST NEWS
Police seek help in identifying man whose body was found near the Vatuwaqa Bridge
Police are seeking assistance in identifying a man whose body was found near the Vatuwaqa Bridge this morning. Police are still at the ...
3 hours ago

Two men in custody for alleged burglary case in Lautoka
Quick response by the K9 Unit in Vitogo resulted in the arrest of two men involved in an alleged burglary case in Matawalu, Lautoka. The report ...
3 hours ago

Aiyaz Sayed-Khaiyum should consider himself as part of a bad history for the Fijian economy – Prof.Prasad
Deputy Prime Minister and Minister for Finance, Professor Biman Prasad says he is getting on with the job of fixing the economic mess that former ...
3 hours ago

Arts Village swimming hotspot re-opened
One of the swimming hotspots, the Tiki Pool and Bar at the Arts Village in Pacific Harbour is now re-opened for families and friends after a lapse of ...
4 hours ago

Health Ministry welcomes any help with open arms - Dr Lalabalavu
It has been a while since any Board of Visitors has had an audience with the Health Minister, especially in the headquarters and entertain the board ...
4 hours ago

TOP