On August 7, 2020 WebWire reported that “IFC, a member of the World Bank Group, signed a cooperation agreement today with Ukraine’s National Securities and Stock Market Commission to help boost climate finance in the country. This initiative is part of IFC’s broader strategy to mobilize more sustainable finance to Ukraine.
IFC will work with the National Securities and Stock Market Commission to introduce green finance standards in the country, with a focus on green bonds. IFC’s experts will also advise on how to foster implementation of good environmental, social, and governance (ESG) practices that can help companies operate more sustainably, improve access to capital, mitigate ESG risks, and safeguard against mismanagement. The aim is to contribute to development, as increased access to capital encourages new investments, boosts economic growth, and generates employment opportunities.”
You may read the press release on the WebWire internet site.