Series: Joint Multilateral Development Bank Pavilion The How: Financing Nature Through Capital Markets 26 October 2026 Armenia This session explores how capital markets can direct private finance to nature, with a focus on action towards Target 19 Financial Resources of the Kunming-Montreal Global Biodiversity Framework. Participants will be introduced to two key instruments, use of proceeds bonds and sustainability-linked bonds, and gain insight into development of nature finance market guidance, including IFC's Biodiversity Finance Reference Guide, the MDB Common Nature Finance Taxonomy, and the International Capital Market Association's (ICMA) Bonds for Nature: A Practitioner's Guide. A financial institution will then present a real-world nature bond case study, sharing the mechanics behind the issuance, lessons learned, and enabling stakeholder support. The session will conclude with an interactive discussion exploring how nature bonds can serve as a scalable solution across diverse geographic and institutional contexts. Program and Learning Materials 26 October 2026 Session / Activity Title Speaker(s) Presentations Overview: Nature Finance, Nature Finance Market Guidance, and Nature Bonds Irina Likhachova Presentations Nature Bond Case Study TBC Discussion Interactive Discussion with Financial Institution Discussant: ICMA (member the secretariat or Executive Committee), TBC Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Ana Maria Gonzalez Velosa Irina Likhachova Beatrice Phillips Duncan Lang Pailyn Tan ADB Organizer/s Climate Change and Sustainable Development Climate Change, Nature, and Environment Division Read Also Joint Multilateral Development Bank Pavilion Partner Organization/s World Bank Group Topics Environment Finance