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Decentralizing development finance through capital markets integration: the emergence of Cabo Verde's blue sustainable finance exchange

By: Material type: TextTextPublication details: New York United Nations Development Programme 2022Description: 11pSubject(s): Online resources: Summary: The ultimate impact of sustainable finance in shaping ‘the world we want’ remains inconclusive. Nevertheless, policymakers and practitioners are required to make timely decisions pertaining to the ways in which capital markets might be leveraged to achieve their policy objectives, before rapidly evolving market dynamics leave them behind. This policy brief offers empirical insights from Cabo Verde’s recent experience with sustainable finance to showcase how it may, under certain conditions, promote integrated yet decentralized responses to persistent local, regional and global challenges.
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The ultimate impact of sustainable finance in shaping ‘the world we want’ remains inconclusive. Nevertheless, policymakers and practitioners are required to make timely decisions pertaining to the ways in which capital markets might be leveraged to achieve their policy objectives, before rapidly evolving market dynamics leave them behind. This policy brief offers empirical insights from Cabo Verde’s recent experience with sustainable finance to showcase how it may, under certain conditions, promote integrated yet decentralized responses to persistent local, regional and global challenges.

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