Oasis or mirage? Saudi Arabia’s green-funded ‘giga-project’
A $3.8bn loan raised by the Saudi government-owned Red Sea Development Company for a tourism development is long on ambition but short on green detail.
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JP Morgan’s development finance institution strives to answer its doubters
The US bank has doubled down on efforts to facilitate private capital into sustainable projects in emerging markets. But its year-old development finance institution is so far finding it hard to measure the impact of such deals.
The shoots of China’s green bond market
China’s policy lead on green finance is impressive, but investor anxiety about state control over the debt markets means its development may be suppressed.
