On 14 November 2025, the Task Force published its report on credit enhancement models for sovereign sustainability-linked financing (SSLF) in the context of COP30. Drawing on inputs from Task Force members and observers, the report aims to build a clearer understanding of existing credit enhancement structures and proposes concrete actions to support the emergence of a distinct class of credit enhanced sovereign financing instruments.

The report goes beyond the Voluntary principles for the deployment of credit enhancement instruments to support sustainability-linked financing, examining how multilateral development banks, development finance institutions, multilateral climate funds, and private actors, including insurers, investors and philanthropic organisations, can collaborate effectively to scale the deployment of credit enhancement for sustainability-linked sovereign financing and unlock additional financing for emerging markets and developing economies.

What the report covers: 

• Credit enhancement models in practice
  An overview of alternative credit enhancement structures used to support SSLF transactions, along with case studies and lessons from recent deals in The Bahamas, Barbados, Belize, Côte d’Ivoire, Ecuador and Gabon.

• Recommendations to scale impact
  A set of actions to strengthen and expand credit-enhanced SSLF transactions, build market confidence and help position credit-enhanced SSLF as a distinct asset class capable of unlocking sovereign finance at scale.