Publication:
The Potential Implications of Economic and Social Rights for Sovereign Debt Investing

dc.contributor.authorGratcheva, Ekaterina
dc.contributor.authorGurhy, Bryan
dc.contributor.authorWang, Dieter
dc.contributor.authorBrook, Anne-Marie
dc.contributor.authorClay, K.Chad
dc.contributor.authorRandolph, Susan
dc.date.accessioned2023-05-24T19:21:23Z
dc.date.available2023-05-24T19:21:23Z
dc.date.issued2023-05-24
dc.description.abstractThis paper discusses both the relevance of economic and social rights (ESRs) for environmental, social, and governance (ESG) investing in the sovereign debt asset class and how to start incorporating these rights into the investment process in a practical way. Many in the investment industry recognize the potential role that investors can play in influencing a country’s decisions on environmental and social issues, including human rights. Investors are also increasingly acknowledging the potential to influence a sovereign’s actions on social issues, such as ESRs, given the state’s direct role in providing a pathway to social advancement for its citizens. The rest of this paper is organized as follows. Section 2 explains the relevance of ESRs to the sovereign debt asset class. Section 3 introduces the income adjusted ESR dataset, and section 4 illustrates the insights that this dataset can provide for sovereign debt investors. Section 5 provides one practical example of how sovereign debt investors could use such a dataset in practice. Section 6 presents our conclusions.en
dc.identifierhttp://documents.worldbank.org/curated/en/099936405242333688/IDU017beb32903a3c047db0a98506a37e5f395f1
dc.identifier.doi10.1596/39841
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39841
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank
dc.relation.ispartofseriesEquitable Growth, Finance and Institutions Insight - Finance
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectECONOMIC AND SOCIAL RIGHTS
dc.subjectESG
dc.subjectINVESTMENT PROCESS
dc.subjectHUMAN RIGHTS
dc.subjectSOVEREIGN DEBT INVESTING
dc.titleThe Potential Implications of Economic and Social Rights for Sovereign Debt Investingen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleThe Potential Implications of Economic and Social Rights for Sovereign Debt Investing
okr.date.disclosure2023-05-24
okr.date.lastmodified2023-05-24T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099936405242333688/IDU017beb32903a3c047db0a98506a37e5f395f1
okr.guid099936405242333688
okr.identifier.docmidIDU-17beb329-3a3c-47db-a985-6a37e5f395f1
okr.identifier.doihttp://dx.doi.org/10.1596/39841
okr.identifier.externaldocumentum34067427
okr.identifier.internaldocumentum34067427
okr.identifier.report182290
okr.import.id762
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099936405242333688/pdf/IDU017beb32903a3c047db0a98506a37e5f395f1.pdfen
okr.region.geographicalWorld
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Financial Sector and Social Assistance
okr.unitEFI-FCI-Long-Term Finance (EFNLT)
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