Ahmedabad issues municipal bonds to implement green projects

dc.contributor.authorVerma, Simant
dc.date.accessioned2020-09-21T07:29:02Z
dc.date.available2020-09-21T07:29:02Z
dc.date.issued2020-05
dc.description.abstractIn 2019, Ahmedabad, the largest municipal corporation in the state of Gujarat, raised 200 crore Indian rupees (INR) ($26 million USD, 2020) for ‘green projects’ by issuing municipal bonds. This case study investigates the potential for local governments to raise funds for climate-resilient development and infrastructure through municipal bonds. Municipal bonds are debt securities issued to raise capital; in return, investors receive the principal amount with interest. Governments play an important role in incentivising fundraising through market-based financing instruments.en
dc.description.sponsorshipMinistry of Foreign Affairs of the Netherlands
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10625/59506
dc.language.isoen
dc.subjectFINANCIAL REGULATIONen
dc.subjectMUNICIPAL GOVERNMENTen
dc.subjectINFRASTRUCTUREen
dc.subjectCLIMATE CHANGE VULNERABILITYen
dc.subjectCAPITAL FORMATIONen
dc.subjectURBAN PLANNINGen
dc.subjectINDIAen
dc.subjectSOUTH ASIAen
dc.titleAhmedabad issues municipal bonds to implement green projectsen
dc.typeCase Studyen
idrc.copyright.holder© 2020, Climate and Development Knowledge Network
idrc.copyright.oapermissionsourceCC BY 4.0en
idrc.dspace.accessOpen Accessen
idrc.project.componentnumber108754001
idrc.project.number108754
idrc.project.titleCDKN knowledge accelerator for climate compatible developmenten
idrc.rims.adhocgroupIDRC SUPPORTEDen

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Ahmedabad issues municipal bonds to implement green projects