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IPFS News Link • United Nations

European Investment Bank Launches New Bond To Support Sustainable Development

• By UN Climateaction

The SDGs will literally suck all of the oxygen out of the room. ? TN Editor

The EU's official bank has unveiled a new loan product to help finance sustainable development.

The European Investment Bank (EIB) recently launched the Sustainability Awareness Bond, a debt product which will be used to support projects related to the UN's Sustainable Development Goals (SDGs).

The new bond is expected to be made available by the autumn and will initially focus on projects in the water sector, based on the EIB's previous experience in the area. This should make measuring the bond's impact on several of the goals, of which two are directly related to water, a lot easier.