The evolution of Covid-19’s spread and the stringent protection mechanisms put in place in...
Development banks launch financial response to Covid-19 pandemic
As governments and other public-sector bodies across the Europe ramp up their response to the Covid-19 pandemic, BNP Paribas has brought to the market two landmark transactions. Helsinki-based Nordic Investment Bank (NIB) and the European Investment Bank (EIB) have both issued bonds last week week to provide funds to European nations as they shore up healthcare and financial systems to manage the impact of the ongoing crisis.
"Sustainable finance has a vital role to play in mobilising the response to Covid-19," said Agnès Gourc, Co-Head of Sustainable Finance Markets at BNP Paribas. "The NIB Response Bond and EIB Sustainability Awareness Bond exemplify this, helping deliver essential funding to tackle this crisis in a highly transparent way across multiple fronts, including the efficient operation of healthcare systems, as well as financial support and labour market solutions in the case of the NIB's Response Bond."
Photo header ©jamesteohart