Mozambique wants to promote a sustainable bond issuance market on the stock exchange, to finance projects in the blue or green economy, known as “Green Bonds” and “Blue Bonds”, as provided for in a draft decree consulted by Lusa today.
The framework involves the regulation of sustainable bonds, which are securities representing medium and long-term loans used exclusively to raise funds for financing projects that are viable from the point of view of environmental protection and conservation, climate, and social aspects, and those linked to sustainability. ‘Green Bonds’ will be used to finance or refinance projects and purchase assets capable of bringing benefits to the environment or even contributing to mitigating the effects of climate change. ‘Blue Bonds’ will be used to finance maritime and ocean-based projects that have environmental benefits.
(Source Lusa)