| ID: | 81927 |
|---|---|
| Country: | United Kingdom |
| Title: | IFAD lists its sustainable bonds on the London Stock Exchange |
| Description: |
Rome / London, 21 November 2023 - Private investors are a powerful force to help us fund a world where no one is left behind, said Alvaro Lario, President of the UN’s International Fund for Agricultural Development (IFAD) at the London Stock Exchange (LSE). He opened the markets today to mark the admission of IFAD bonds on the LSE’s Sustainable Bond Market together with UN IFAD Goodwill Ambassador Sabrina Dhowre Elba, RT Hon Andrew Mitchell, the Minister of State for Development and Africa, UK and Julia Hoggett, CEO of LSE plc. Today also marks the first time a United Nations Fund and specialized agency has listed its sustainable bond on the LSE market since the World Bank Group. “Today poverty, hunger and climate change know no borders. Working together, we can build the bridges that connect private capital with global needs and have a systemic and positive impact on the income and the lives of rural people,” said Lario. “The London Stock Exchange can help channel capital to invest in productive agriculture, rural transformation, and rural jobs to fight poverty and hunger in remote rural areas of developing countries. Despite playing a crucial role to feed the world and contributing to its stability, small-scale farmers are overlooked and underfunded.” Julia Hoggett, CEO, LSE plc said: “We are honoured to welcome IFAD to the London Stock Exchange and celebrate the listing of its sustainability bonds on our market. Pivotal to our purpose as a stock exchange is our commitment to delivering real-world, tangible benefits to the economies we serve globally, highlighted by the many Sovereigns and Supranational Agencies that have chosen London’s markets to raise sustainable capital. We are delighted to be supporting the efforts of IFAD today, and their goals to improve the lives of some of the most vulnerable communities across the world.” Small-scale farmers produce one third of food globally and up to 70 percent of the food in low- and middle-income countries. Yet, they suffer from hunger and poverty and are affected by climate change. |
| Size: | 1.05 MB; 6048 x 4032 pixels; 512 x 341 mm (print at 300 DPI); 1600 x 1067 mm (screen at 96 DPI); |
| Show more details: | Layton Thompson |
| Copyright: | COPYRIGHT OWNED BY LAYTON THOMPSON |
| Categories: | IFAD Leadership field visits |
| URL: | ifad.org |
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