For financial markets, bonds are nothing new. But in terms of development finance, they’ve only recently been used to fund specific objectives — ranging from climate and conservation to the achievement of the Sustainable Development Goals.
About a decade ago, green bonds emerged as a way to fund climate-related projects. In the past few years, other types of bonds have been issued to fund ocean conservation or, in the case of Uzbekistan’s SDG bond, education and health.
Want to understand more about how these financial instruments work and where they should — or shouldn’t — be used for development finance? Watch Devex’s video explainer to learn more.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
