Zhongxin Finance, February 18 (Reporter Peng Dawei) The reporter learned from Germany's largest bank Deutsche Bank on the 18th that it recently signed a memorandum of understanding with the "Development Guarantee Group" (Development Guarantee Group), which focuses on providing guarantee solutions for developing countries.
Under the agreement, Deutsche Bank will act as a loan origination partner for the Green Guarantee Company, part of the Development Guarantee Group, to help developing countries provide the financing they need for climate-related infrastructure projects.
“More private capital support for climate-related infrastructure projects in emerging markets and developing countries will help meet the Paris Agreement’s goal of keeping the global average temperature rise below 1.5 degrees Celsius by the end of the century.” Deutsche Claire Coustar, general manager of global ESG, fixed income and currencies at the bank, said the guarantees provided by the Green Guarantee Corporation will make green and climate bonds issued by developing countries to finance green projects into investment grade, thus winning more global investors' favor.
She said that Deutsche Bank is a founding member of the United Nations Net-Zero Carbon Banking Alliance and a member of the Glasgow Net-Zero Finance Alliance's working group on Mobilizing Private Capital for Emerging Markets and Developing Countries. funding needs. We look forward to working with Green Guarantee to assist our clients in securing long-term, cost-effective funding.”
According to reports, Development Guarantee Group is the world's first guarantee platform focused on addressing development and sustainable challenges.
Green Guarantee Corporation is a professional guarantee agency under the Development Guarantee Group, dedicated to providing guarantee services for developing countries' mitigation and adaptation projects to help them obtain debt capital support in the international bond market.
Lasitha Perera, co-founder of Development Guarantee Group, said: "We are delighted to be partnering with Deutsche Bank. We will benefit from Deutsche Bank's long-standing experience in providing innovative financing solutions to clients in emerging and developing countries, as well as institutional investors around the world. Very good. Climate-related infrastructure projects in emerging markets are important investment opportunities. However, as investors often overestimate the real risks of these projects, there are many opportunities yet to be discovered. Green Guarantee hopes to join forces with Deutsche Bank for global Institutional investors provide guarantee services to address this information asymmetry, thereby filling the existing climate financing gap and protecting our planet.” (End)