Abstract: In recent years, the countries of the world have begun to pay special attention to creating conditions for the development of the green bond market, which are becoming a powerful tool in the global capital market and provide countries with access to a large and diverse pool of investors. Issues of problematic aspects of the functioning, formation and further development of the green bond market were studied by such foreign scientists as Steven Park, T. Belinsky, M. Mosionek-Shveda, J. Banga, Polina Deschriver, Frederic de Maris, Greta Keluotit-Stanuleniene, Camille Daunaraviciute, among others domestic scientists whose works are devoted to the mentioned topic, one can single out O. Sushchenko, I.

Krylova, N. Zakorchevna, I. Haydutskyi, T. Orekhova, M. Rozdobudko, G. Shpakov and others. The article analyzes the scientific works of foreign and domestic scientists, research and recommended acts of international organizations, regulatory acts of the European Union on sustainable development, principles of sustainable economic activity and promotion of sustainable investments, researched the principles and procedures related to green bonds, compliance with environmental and social standards, risk management. The requirements for green bond issuers in terms of project management have been summarized, and a causeand-effect analysis of the insufficient effectiveness of the application of international standards on local green bond markets has been carried out. The directions for improving the efficiency of project management in developing green bond markets have been identified.