Sustainable Finance in Emerging Markets: Evolution, Challenges, and Policy Priorities

Author/Editor:

Rohit Goel ; Deepali Gautam ; Fabio M Natalucci

Publication Date:

September 9, 2022

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

Sustainable finance has become a key focus area for global investors and policy makers. Last year proved to be a breakout year for emerging markets (EMs), with sustainable debt issuance in 2021 surging to almost $200 billion. This working paper, the first comprehensive study in the literature, analyzes the evoluiton of EM sustainable finance markets, including differences with advanced economies. The analysis shows how sustainable finance in EMs is growing fast not just in aggregate but importantly across many dimensions. The paper also identifies key development areas for EMs and policies to strengthen the resilience of sustainable finance markets.

Series:

Working Paper No. 2022/182

Frequency:

regular

English

Publication Date:

September 9, 2022

ISBN/ISSN:

9798400218101/1018-5941

Stock No:

WPIEA2022182

Pages:

29

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