Qatar has issued green bonds worth $2.5 billion in two tranches, marking the Gulf state's first external debt issuance in four years. According to the International Financing Review, the country sold $1 billion in five-year bonds with a yield of 30 basis points above US treasury bonds and $1.5 billion in ten-year bonds with a yield of 40 basis points. This move follows KPMG's recommendation for Qatar to adopt sustainable financing mechanisms to achieve its sustainability goals. The report indicated strong demand, with total orders exceeding $10.9 billion. Consequently, Qatar reduced the initial indicative rate to 70 basis points over US treasury bonds for the five-year securities and 80 basis points for the ten-year offerings.

Additionally, Qatar recorded a merchandise trade balance surplus of 53.2 billion Qatari riyals ($14.6 billion) in the first quarter of 2024, down from 68.4 billion riyals in the same period last year. The country's total exports dropped by 8.6 percent, while imports surged by 25.4 percent compared to the first quarter of 2023. In January, Finance Minister Ali Al-Kuwari stated Qatar's readiness to issue external debt, emphasizing that the move aims to combat climate change rather than raise funds.