Fiji is committed to achieving its Sustainable Development Goals (‘SDGs’) by 2030 and intends to recover the development lost due to COVID-19, in synergy with allocating resources to accelerate national development relative to pre-COVID-19 ambitions. Such levels of resource mobilisation will require a combination of strategic fiscal spending, innovative capital market operations, and unprecedented levels of private sector investments.
In this regard, the Fijian Government has developed the Fijian Sustainable Bond Framework (‘Framework’) to enable the issuance of thematic bonds related to Fiji’s sustainable development ambitions. This Framework builds on the experience and Green Bond Framework of the Fiji Sovereign Green Bond issuance in 2017, with the intention of issuing other thematic bonds, starting with a Blue Bond in 2022.
The Framework is the first of its kind developed by a Small Island Developing State that creates a robust taxonomy for green, blue, and social projects. It is expected to help Fiji better communicate its sustainable development finance priorities with bilateral, multilateral, private and philanthropic investors.
Author: Fiji Ministry of Economy
Citation: Fiji Ministry of Economy. (2022). Fijian Sustainable Development Bond Framework 2022. Suva, Fiji: Ministry of Economy. 76 p.
Download the document: Fijian Sustainable Bond Framework