Togo launches green bonds for sustainable financing

Togo is taking a proactive approach to structuring sustainable financing through green bonds, a crucial instrument for mobilizing capital for projects with a high environmental impact. A training session for national officials began on Tuesday, June 10 in Lomé and will continue until June 13, marking an important milestone in this initiative.

This initiative is supported by the United Nations Development Programme (UNDP) and aims to strengthen the technical skills of national stakeholders. The objective is to ensure a good understanding of the requirements related to the issuance of green bonds, in compliance with the country's ESG (environmental, social and governance) framework.

During this training, participants will be trained on international standards for sustainable bonds, the steps involved in structuring a green issue, as well as the monitoring and transparency mechanisms required by investors.

At the opening of the proceedings, Binta Sanneh, UNDP Resident Representative, highlighted the importance of green bonds: "Green bonds are emerging as a strategic instrument for mobilizing long-term capital on favorable terms."

This training comes as Togo aims to diversify its funding sources while integrating environmental issues into its development strategy. By acquiring the skills needed to access the green bond market, the country intends to sustainably finance its priority projects, particularly in the areas of renewable energy, natural resource management, sanitation, and climate resilience.

The Emissary