18 April 2023 - UN Headquarters, New York - The Global Investors for Sustainable Development (GISD) Alliance, together with the UN Development Programme, today announced the launch of an initiative and workstream aimed at enhancing the integrity and quality of sovereign bond issuance aligned to the Sustainable Development Goals.

The GISD announcement occurred at a special side event in conjunction with the UN's Financing for Development Forum (17-20 April) and was accompanied by a "call-for-collaboration" for public and private sector actors to join the consultations as part of the new workstream.

As part of this initiative, the GISD Alliance will develop a paper containing guidance to enable governments and investors to navigate the expanding and often complex universe of SDG-linked sovereign bonds. This paper will include practical recommendations for countries and investors including lessons learnt and best practices emerging from SDG-aligned sovereign bonds issued to date. The purpose of this guidance is to contribute to enhancing the potential of this relatively new and innovative instrument in mobilizing longer-term finance for the SDGs.