The How to Assess Climate and Nature Sovereign Risk webinar was part of the IIF ESG Webinar Series, which was designed to promote understanding of the rapidly evolving landscape for ESG disclosure and to align efforts to measure and track climate finance.
The IIF and the Wolfsberg Group responded to a FATF consultation on amendments to FATF Recommendation 1 and its Interpretative Note.
Voluntary carbon offset (VCO) issuance has grown strongly in recent years, doubling in 2019 to nearly 130 MtCO2e; However, trading volumes have been subdued since peaking at 135 MtCO2e in 2008.
On August 24, 2020, the IIF responded to the recent EIOPA Discussion Paper on the Insurance Value Chain and New Insurance Business Models Arising from Digitalization.
The new IMF program improves the funding outlook. An external financing gap next year cannot be ruled out. High borrowing needs would require tapping additional sources. Limited REER adjustment could exacerbate external vulnerability. The February 2021 election adds program implementation risk.
Demonstrations and strikes continue following the disputed election. The most likely near-term scenario is a prolonged political stalemate. We consider a number of scenarios to assess external financing stress. In the absence of further escalation, reserve losses would be manageable.