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International Monetary Fund. Legal Dept.
At the request of the authorities of Zambia, an interdepartmental (LEG/FAD/MCM/FIN) Governance Diagnostic Assessment (GDA) mission was conducted during January 14 – May 6, 2022.1 In line with the IMF’s 2018 Framework on Enhanced Fund Engagement on Governance,2 the diagnostic assessment focused on governance weaknesses and corruption vulnerabilities in macroeconomically critical priority areas of: (i) the anti-corruption and anti-money laundering; (ii) fiscal governance (e.g., public financial management, revenue administration, oversight of State Owned Enterprises, natural resource management, and procurement); (iii) enforcement of contract and protection of property rights; (iv) central bank governance and operations, and (vi) financial sector oversight.
Rohit Goel, Deepali Gautam, and Mr. Fabio M Natalucci
Sustainable finance has become a key focus area for global investors and policy makers. Last year proved to be a breakout year for emerging markets (EMs), with sustainable debt issuance in 2021 surging to almost $200 billion. This working paper, the first comprehensive study in the literature, analyzes the evoluiton of EM sustainable finance markets, including differences with advanced economies. The analysis shows how sustainable finance in EMs is growing fast not just in aggregate but importantly across many dimensions. The paper also identifies key development areas for EMs and policies to strengthen the resilience of sustainable finance markets.
Rohit Goel, Deepali Gautam, and Mr. Fabio M Natalucci

Sustainable finance has become a key focus area for global investors and policy makers. Last year proved to be a breakout year for emerging markets (EMs), with sustainable debt issuance in 2021 surging to almost $200 billion. This working paper, the first comprehensive study in the literature, analyzes the evoluiton of EM sustainable finance markets, including differences with advanced economies. The analysis shows how sustainable finance in EMs is growing fast not just in aggregate but importantly across many dimensions. The paper also identifies key development areas for EMs and policies to strengthen the resilience of sustainable finance markets.