Necessary Ambition : How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges

Year Published

2020

Contributing Organizations

Sustainable Banking and Finance Network (SBFN)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate Policies & Frameworks

Topic 2

Just Transition

Target Audience

MDBs/DFIs

Governments & Policymakers

Relevant Geography

Global

Africa

Asia & the Pacific

Resource Description

This resource explores how low-income and lower-middle-income countries are advancing sustainable finance to respond to climate change and development needs. Based on the experiences of 21 countries in the Sustainable Banking and Finance Network (SBN), the report identifies emerging trends, key drivers, and practical tools being adopted to enable sustainable financial systems.

Why This Matters

The report shows how low-income countries are taking ambitious steps to align finance with climate and development goals.

Key Insights

Finds that 86% of low-income countries in the network have taken initial sustainable finance policy actions
Highlights regulatory leadership, peer learning, and international support as critical enablers
Identifies key tools in use: sustainable finance roadmaps, ESG frameworks, green bond guidelines, and taxonomies
Presents case studies from countries including Bangladesh, Kenya, Mongolia, and Nepal
Shows strong alignment with climate and SDG objectives despite resource and capacity constraints

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