Social Bonds Can Help Mitigate the Economic and Social Effects of the COVID-19 Crisis
Social bonds have become an increasingly popular fixed-income product since the Social Bond Principles were published in 2017, and their growth and popularity have accelerated in recent months due to the onset of the COVID-19 pandemic and the resul...
| Main Authors: | , , |
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| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/341541606193433654/Social-Bonds-Can-Help-Mitigate-the-Economic-and-Social-Effects-of-the-COVID-19-Crisis http://hdl.handle.net/10986/34853 |
| Summary: | Social bonds have become an increasingly
popular fixed-income product since the Social Bond
Principles were published in 2017, and their growth and
popularity have accelerated in recent months due to the
onset of the COVID-19 pandemic and the resulting need for
new funding avenues to address the unforeseen economic and
social disruptions. Since the outbreak of the crisis, global
issuances of social bonds have risen considerably, and an
increasing number of market participants have turned to IFC,
a prolific and experienced issuer of social bonds, for
advice on how to set up Social Bond Programs and Social Bond
Frameworks. The hope now is that social bonds can become a
significant method for financing projects that mitigate the
socioeconomic impact of the current health crisis, and that
the growing use of and interest in these bonds can be
sustained post-crisis. |
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