Govt. plans to raise $ 11.2 b via Sovereign Green and Blue Bonds by 2030

Sovereign Green/Blue Bond framework already drafted and reviewed by international rating agency

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■Govt. aligning upcoming issuances with IFC's Green Bond Principles and global sustainable finance standards

■Finance Ministry to introduce Sustainability-Linked Bond Framework and strengthen transparency on fund allocation and environmental outcomes Part of strategy to attract both foreign and domestic investors, boost market confidence

■Successful implementation expected to enhance Sri Lanka's sovereign credit profile

SRI Lanka plans to raise $ 11.26 billion through Sovereign Green and Blue Bonds by 2030 to finance renewable energy, biodiversity conservation, and other climate-related projects aligned with its 2050 carbon net-zero target, according to the National Climate Finance Strategy 2025-2030 (NCFS).

The NCFS notes that the Finance Ministry has already drafted a Sovereign Green/Blue Bond Framework and engaged an international rating agency to provide a second party opinion to ensure compliance with international standards.

The strategy was developed with support from the UK Government and the United Nations Development Programme (UNDP) and released last Friday.

Sri Lanka's participation in the World Bank's Biodiversity Financing Forum underscored the country's interest in nature-linked Green Bonds and the potential to unlock capital for sustainable projects.