A sovereign social bond to fill a funding gap for the covid-19 crisis response

POSTED ON: May 19, 2020 IN Our Reports
by Stuart Theobald and Peter Attard Montalto

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In this paper we argue that the South African government could become one of a few sovereigns to issue a social bond to be used to fund the fight against the Covid-19 crisis and set out the detail
for how an issuance could work. This could make a significant contribution to government’s funding gap, raised at lower cost while diversifying the government’s investment base to include ESG funds.