IFC’s Investment in Romania’s First Sustainability Bond to Catalyze Financial Inclusion, Support Future Resilience

Romania's first sustainability bond will help promote both climate and social financing, with IFC investing $42 million equivalent to strengthen the financial sector and promote financial inclusion in the country.

The local currency-denominated senior non-preferred sustainability bonds, issued by Romania's Raiffeisen Bank S.A. (RBRO), will help the bank increase its lending to businesses investing in climate-smart initiatives—green buildings, renewable energy, energy efficiency, clean transportation, sustainable agriculture, and others—in addition to supporting social financing in areas including health care, education, basic infrastructure, and affordable housing.