Cabo Verde is taking a significant leap in the global financial marketplace by introducing its first blue bond, a landmark move in promoting sustainable finance. Issued by the International Investment Bank (iib) and initially publicly offered on Blu-X, this innovative financial instrument is now making waves with its double-listing on the Luxembourg Green Exchange (LGX).
This pivotal step not only amplifies its visibility to a global array of investors but also marks a critical juncture in Cabo Verde's journey towards integrating sustainable finance into its integrated national financing framework (INFF). The successful issuance and listing of this bond were enabled by a Memorandum of Understanding (MoU) between the Luxembourg Stock Exchange and Bolsa de Valores de Cabo Verde (Cape Verde Stock Exchange), with strategic and financial support from UNDP under the second phase of Blu-X sustainable finance platform.
This venture exemplifies how seamless cooperation between the public and private sectors can drive shared goals for sustainable development. Cabo Verde's stride in the blue economy not only enhances its own economic prospects but also sets a precedent for global investment in sustainable finance.
You can find the press release from the Luxembourg Green Exchange (LGX) here.