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The microfinance market also faced a variety of challenges in 2022. Despite the difficult environment, however, the global market continued to grow dynamically. The ERSTE RESPONSIBLE MICROFINANCE also developed positively in the previous year compared with the global equity and bond markets.
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Austria goes green
The first green bond of the Republic of Austria was issued on 24 May 2022 and is meeting with high demand. The majority of the proceeds will go towards clean and sustainable transport, e.g. the expansion of the railway network. In which other areas will the Green Bond invest?
Microfinance – making the world a slightly better place while earning money
Microfinance funds have become more popular with investors in recent years, complementing equities, bonds, real estate, precious metals, and commodities. Such funds invest in microloans that help people in emerging markets to secure their subsistence. At the same time, they pay a yield, as fund manager Martin Cech explains.
Green, green shades of bonds
In recent years, we have seen dynamic growth emerging. It started with green bonds, which were then complemented by social bonds, sustainability bonds (a combination of environmental and social projects), and sustainability-linked bonds.
Impact bonds are here to stay
It started with the first climate awareness bonds of the European Investment Bank. Even back then, the issue proceeds were earmarked for explicitly sustainable projects of the supranational bank. In recent years, the volume of such bonds has increased rapidly. The issue volume rose from USD 300bn in 2019 to USD 500bn in 2020. The […]
Green bonds for clean energy
Green bonds are bonds whose issue proceeds are exclusively used to finance existing or new projects with environmental benefits. Long tradition In 2007, the European Investment Bank (EIB) issued the first green bond and called it “Climate Awareness Bond”. While during the first years this young market segment was largely driven by supranational issuers and […]