02283cas a2200337 a 4500 AALejournalIMF022754 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400210006 2789-0600 BD-DhAAL BD-DhAAL Ando, Sakai. Sovereign Climate Debt Instruments : An Overview of the Green and Catastrophe Bond Markets / Sakai Ando, Francisco Roch, Ursula Wiriadinata, Chenxu Fu. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (28 pages) Staff Climate Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial markets will play a catalytic role in financing the adaptation and mitigation to climate change. Catastrophe and green bonds in the private sector have become the most prominent innovations in the field of sustainable finance in the last fifteen years. Yet, the issuances at the sovereign level have been relatively recent and not well documented in the literature. This Note discusses the benefits of issuing these instruments as well as practical implementation challenges impairing the scaling-up of these markets. The issuance of these instruments could provide an additional source of stable financing with more favorable market access conditions, mitigate the stress of climate risks on public finances and facilitate the transition to greener low-carbon economies. Emerging market and developing economies stand to benefit the most from these financial innovations. Mode of access: Internet Debt Management imf Debt imf Foreign Exchange imf Informal Economy imf Underground Econom imf Fu, Chenxu.. Roch, Francisco. Wiriadinata, Ursula. Staff Climate Notes; Staff Climate Note ; No 2022/004 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2789-0600&volume=2022&issue=004 IMF e-Library