IFC Invests $100 Million in Jordan Kuwait Bank's Second Green Bond
The funding will support climate-focused projects through Jordan Kuwait Bank's second green bond issuance.
The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will invest up to $100 million in Jordan Kuwait Bank's second green bond issuance to support climate-focused projects across Jordan.
In addition to the investment, the IFC will provide up to $690,000 in blended finance support. According to the organisation, proceeds from the bond will finance projects that strengthen climate adaptation and resilience, although the bond's coupon rate was not disclosed.
The issuance builds on Jordan's first green bond, which was launched in 2023 through a partnership between the IFC and Jordan Kuwait Bank. Funding from that issuance was directed towards environmentally focused projects, including water and wastewater management initiatives, a priority sector in one of the world's most water-scarce countries.
The latest investment forms part of the IFC's broader efforts to expand climate finance and mobilise private capital for sustainable infrastructure and environmental projects in emerging markets.
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