Blog: Meeting the urban finance challenge

As rapid urbanization proceeds, how can we enhance subnational finance in responsible ways and contribute substantially to local and national development? How are cities around the world already meeting the financing challenge at local level, including through innovative new finance models? Are there risks? What role for the international development community to support urban finance?

Opinion: The pros and cons of ethical debt instruments

In May, the World Bank issued the world’s first bond linked explicitly to the U.N. SDGs. The initiative — which aims to capitalize on a rising number of investors interested in positive social and environmental impacts in addition to financial returns — has been heralded an innovation in investment products and can be added to a growing list of innovative debt instruments that are marketed as “ethical”. What are the pros and cons of innovative debt instruments?

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