On the Brink of Collapse: Decoding a UN-Backed Climate ETF

By Kavaljit Singh | Commentary | February 24, 2022

The news that a newly launched UN-backed climate exchange-traded fund is on the verge of closing due to insufficient capital has disappointed many who expected such financial market instruments to mobilize new sources of private capital in alignment with sustainable development and bridge the financing gap for the UN’s 2030 Agenda and Sustainable Development…

Whither India’s Sovereign Green Bonds

By Kavaljit Singh | Commentary | February 3, 2022

In her Union Budget 2022 speech on February 1, Finance Minister Nirmala Sitharaman announced the issuance of sovereign green bonds during the upcoming fiscal year. “As a part of the government’s overall market borrowings in 2022-23, sovereign green bonds will be issued for mobilizing resources for green infrastructure. The proceeds will be deployed…

FOMC Meeting: Key Takeaways

By Kavaljit Singh | Briefing Paper # 51 | January 28, 2022

This week, all eyes were on the Federal Open Market Committee (FOMC) meeting of the Federal Reserve, as financial markets and policymakers worldwide awaited the outcome of the committee’s deliberations. The FOMC concluded its deliberations on Wednesday with the release of a policy statement and a virtual press conference by Federal Reserve…

The Fed’s Aggressive Monetary Policy Tightening: New Headwinds for Emerging Markets

By Kavaljit Singh | Briefing Paper # 50 | January 21, 2022

As the COVID-19 pandemic enters its third year, emerging market economies will continue to struggle to improve their financial resilience in the face of numerous domestic and global headwinds. The emergence of new virus variants like Omicron serves as a stark reminder that the COVID-19 pandemic is far from over, and it could jeopardize…