Sustainability-linked bonds: what markets can learn from Rwanda – The Banker

Pilar Garrido is director for development co-operation at the OECD, and Kampeta Sayinzoga is chief executive of the Development Bank of Rwanda
Governments around the world are struggling with severe and overlapping crises, and increasing financing needs. Official development assistance, which reached $223.7bn in 2023, is a crucial part of the response, but filling the annual $3.9tn financing gap that is stopping developing countries from achieving their sustainable development goals will require the effective mobilisation of additional private finance.
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When it comes to sustainability, the gap between a company’s good intentions and what it actually achieves is vast. The B Corp certification model aims to create a closer alignment.
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