IFC and Amundi announce the final closing of the fund Amundi Planet II – SEED (Sustainable Emerging Economy Development Debt).

Thursday 18 April 2024

 

Launched in 2021 on the sidelines of COP26 in Glasgow,  IFC, a member of the World Bank Group, and Amundi, the leading European asset manager, announce the closing of Amundi Planet II - SEED fund.
Addressing the dual challenges of inequality and climate change, this new fund  will mobilize private investment into emerging market sustainable bonds that support COVID-19 relief efforts and promote a green, resilient, and inclusive recovery from the pandemic.

We are proud to play a leading role in responsible finance together with the IFC, tackling key challenges such as inequality and climate change. This Fund is a great example of the benefits of public-private partnerships in creating new markets trying to help addressing financing gaps in regions where funding is most needed.

Jean-Jacques Barbéris, Head of the Institutional and Corporate Clients Division and ESG at Amundi,

The initiative is intended to help to expand the availability of and demand for underdeveloped segments of the sustainable bond market, strengthening the asset class and driving greater resources towards priority areas such as climate mitigation and gender equality. The capital structure seeks to catalyze institutional investor capital to support the development of green and social impact strategies in EMDEs.

This Fund underscores the growing interest in sustainable bonds as well as their resilience in the face of global economic uncertainty. Innovative financing solutions such as the SEED fund enable greater mobilization of private sector capital to emerging markets, aiming to address a massive financing gap and channeling resources to meet global challenges.

Tomasz Telma, Director and Global Head of IFC’s Financial Institutions Group.

In addition to mobilizing much needed capital, this initiative will provide a new model for other asset managers and institutional investors to replicate, amplifying its impact.

More about the fund