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Shelter Afrique’s Sustainable Finance Framework unveiled
&P Global Ratings confirms Shelter Afrique Development Bank’s (ShafDB) Sustainability Finance Framework full alignment with the International Capital Markets Association (ICMA) Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines
S&P Global Ratings has announced the official publication of ShafDB’s Sustainable Finance Framework and the corresponding Second-Party Opinion (SPO).
The pan-African multilateral development bank, dedicated to financing affordable housing and sustainable urban development across Africa, is scheduled to raise two bonds namely: West Africa
FCFA bond and the East Africa multi-currency bond, as it enhances financing to bridge the growing
housing deficit in Africa.
The Sustainable Finance Framework, developed with the technical assistance of the Global Green
Growth Institute (GGGI), through the Global Trust Fund (GTF) for Sustainable Finance in collaboration with the Duche of Luxembourg, establishes the Bank’s comprehensive framework for the issuance of Green, Social and Sustainable (GSS) financing instruments.
GGGI has partnered with ShafDB in designing the Sustainable Finance Framework, identifying eligible project categories, aligning the Framework with international market standards and strengthening the
Bank’s readiness to access sustainable capital markets.