IFAD / SUSTAINABLE BONDS

21-Nov-2023 00:02:55
Today marks the admission of the UN’s International Fund for Agricultural Development (IFAD) bonds on the LSE’s Sustainable Bond Market and the first time a United Nations Fund and specialized agency has listed its sustainable bond on the LSE market since the World Bank Group. IFAD
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STORY: IFAD / SUSTAINABLE BONDS
TRT: 2:55
SOURCE: IFAD
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 21 NOVEMBER 2023, LONDON, UNITED KINGDOM / FILE
SHOTLIST
21 NOVEMBER 2023, LONDON, UNITED KINGDOM

1. Various shots, President Alvaro and IFAD team clapping at the LSE balcony
2. Close up, President Alvaro, Sabrina, Julia Hoggett
3. Med shot, Hon Andrew Mitchell and others going up the stairs
4. Med shot, Alvaro, Sabrina, Julia and Andrew posing for photos
5. Wide shot, President of IFAD Alvaro Lario
6. SOUNDBITE (English) Alvaro Lario, IFAD President:
“Too many developing economies are unable to finance their development and climate goals, so IFAD is connecting all of these big international investors for the first mile. For us is really about impact, results and changing the lives of the rural people.”
7. Med shot, Alvaro, Sabrina, Julia and Andrew posing for photos
8. Close up, on Sabrina and Andrew
9. SOUNDBITE (English) Sabrina Dhowre Elba, UN IFAD Goodwill Ambassador:
“My mum grew up in a rural community in east Africa, she is Somalian. She understood how important it is to leave off the land that you live on. She introduced me to the idea of giving rural people the means to take care of themselves, the idea of entrepreneurship to breakout of the aid cycle and the work that ifad does support just that.”


FILE - DECEMBER 2019, SIERRA LEONE

10. Various shots, Idris and Sabrina Dhowre Elba and IFAD PO walking in forest in Sierra Leone
11. Med shot, Idris and Sabrina greeting farmers
12. Med shot, Idris, Sabrina and people on the field

FILE – NOVEMBER 2023, UNITED KINGDOM

13. Wide shot, Idris and Sabrina on the stage at COP 26 UN Climate Change Conference UK 2021

FILE – JUNE 2022, KENYA

14. Med shot, Sabrina in the field with farmers in Kenya.( June 2022)

FILE

15. Wide shot, Kenyan farmer cleaning solar panel in front of a greenhouse
16. Me shot, woman in the greenhouse
17. Med shot, women in food processing factory
18. Close up, hand moving food on conveyor belt
19. Med shot, farmer in the field
20. Med shot, farmer in the field
21. Med shot, farmers seated indoors
22. Med shot, farmers in Guatemala / tablet screen
23. Close up, young farmer ringing a cowbell
24. Med shot, young farmer ringing a cowbell
25. Med shot, young farmer ringing a cowbell for her sheep
26. Med shot, young farmer tapping on the bottom of a pan
27. Various shots, Stock market bell in Luxembourg
28. Various shots, Landscape view of IFAD building
STORYLINE
The UN flag was present on the balcony for the first time at the opening of the London Stock exchange.

Today (21 Nov) marks the admission of the UN’s International Fund for Agricultural Development (or IFAD’s) bonds on the LSE’s Sustainable Bond Market and the first time a United Nations Fund and specialized agency has listed its sustainable bond on the LSE market since the World Bank Group.

IFAD’s President Alvaro Lario said it was a significant moment for the future financing of the organisation.

SOUNDBITE (English) Alvaro Lario, IFAD President:
“Too many developing economies are unable to finance their development and climate goals, so ifad is connecting all of these big international investors for the first mile. For us is really about impact, results and changing the lives of the rural people.”

He opened the markets alongside RT Hon Andrew Mitchell, the UK’s Minister of State for Development and Africa and Julia Hoggett, CEO of LSE plc and UN Goodwill Ambassador for IFAD Sabrina Dhowre Elba.

Sabrina and her husband Idris Elba were motivated to collaborate with IFAD due to her family’s first-hand experience of the plight of small-scale farmers and producers.

SOUNDBITE (English) Sabrina Dhowre Elba, UN IFAD Goodwill Ambassador:
“My mum grew up in a rural community in east Africa, she is Somalian. She understood how important it is to leave off the land that you live on. She introduced me to the idea of giving rural people the means to take care of themselves, the idea of entrepreneurship to breakout of the aid cycle and the work that ifad does support just that.”

Small-scale farmers produce one third of food globally and up to 70 percent of the food in low- and middle-income countries. Yet, they suffer from hunger and poverty and are affected by climate change.

As per IFAD’s Sustainable Development Finance Framework, the proceeds of IFAD sustainable bonds are invested in IFAD programmes to finance its mission in lifting rural people out of poverty and hunger and addressing the effects of climate change.

After the market opening, IFAD presented its first impact report outlining how the proceeds of IFAD bonds issued in 2022 have been invested.

IFAD investments support small-scale farmers to adapt to climate change, promote gender equality, create employment opportunities for youth and improve rural people’s nutrition. They also help to protect natural resources and biodiversity, limit post-harvest losses, help farmers access markets and financial services enabling them to set up small agribusinesses and earn a decent income.

IFAD programmes contribute to 16 out of 17 of the UN’s Sustainable Development Goals.

In 2022, IFAD issued its first sustainable bond and became the first United Nations Fund and the only UN body and specialized agency other than the World Bank Group to operate in capital markets after obtaining two AA+ credit ratings from Fitch and Standard & Poor’s.
Engaging with capital markets is part of IFAD’s strategy to explore new funding sources to channel more resources to vulnerable rural populations in low- and middle-income countries. IFAD is currently in the midst of its 13th replenishment and calling for an ambitious scaling-up of investments in rural people and food systems.

The UN’s International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.
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