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IDB and GIZ sign a collaboration agreement within the framework of the Mexico LAB multisectoral forum

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Inter-American Development Bank (IDB) have signed a cooperation agreement for the multi-sector forum México Laboratory for Financial Innovation (LAB) to strengthen the activities of the forum for the promotion of climate finance. The "LAB" is the innovation laboratory dialogue between financial and capital markets to structure and identify ways to implement innovative green and sustainable financial instruments and to promote sustainable best practices for capital markets in the region, in collaboration with development banks and state development agencies, among other actors. For the LAB's Distributed Generation Financing Roadmap, workshops have been held in which more than 180 representatives from financial institutions, commercial and development banks, and distributed solar generation development companies have participated. The LAB seeks to support national development banks, private banks and other actors in the Mexican financial sector to promote debate and the exchange of experiences towards the development of financial innovations that support the sustainable development of Mexico. Based on the agreement, the entities are committed to sharing progress on issues of mutual interest, such as the results of relevant initiatives and studies to nurture debate and exchange of experiences in the field of green finance between institutions and sectors of the platform, as well as the next steps for the cooperation. The signature took place at the virtual Forum "Green and Inclusive Financing" on November 19th, with the aim of presenting the cooperation between GIZ and IDB at the multi-sectoral forum "Financial Innovation Laboratory Mexico". The Green and Inclusive Financing Forum organized by GIZ Mexico is a national, regional and international event that aims to • Present the actions that GIZ Mexico has carried out and is currently carrying out with implementing partners and counterparts from the public and private sectors in the field of Sustainable Financing • Generate a venue for meeting and dialogue between key actors on progress, trends, and possible synergies for the mobilization of financial resources to facilitate a green and inclusive recovery The session was broadcasted live on various digital media channels, including social networks, YouTube and the event website. The agreement signature event was attended by • Roberto Manrique, IDB Representative in Mexico, IDB • Marita Brömmelmeier, Resident Director, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Mexico • Enrique Nieto, Lead Financial Markets Specialist, IDB • Joscha Rosenbusch, Energy Cluster Coordinator, GIZ Mexico And was moderated by Lishey Lavariega, Technical Advisor - GIZ Mexico

The State of Green Banks, a Global Movement in the Making

The State of Green Banks 2020 report was launched at the Finance in Common Summit on November 11th, during a panel titled "State of Green Banks 2020: a Global Movement in the Making." Around the world, a growing number of countries are exploring green banks—financial institutions or facilities dedicated to accelerating the shift to a sustainable economy. State of Green Banks 2020 is the first aggregation and analysis of this activity, based on novel data collected from existing and emerging green banks in mid-2020. Although green banks are well established in some countries, and over two dozen countries are actively exploring the model, until now there hasn’t been a singular source of information about existing green banks and the progress of new institutions.  

The report is available for download here.

ESG Engagement for sovereign debt investors

Engagement is integral to responsible investment in all asset classes, and for sovereign bondholders this should not be an exception. Bondholders engage to make more informed investment decisions. Indeed, many already regularly engage with government representatives and other country authorities to gain insight, primarily around fiscal and monetary policies, both key for pricing bonds. The report ESG ENGAGEMENT FOR SOVEREIGN DEBT INVESTORS published recently by the Principles for Responsible Investment (PRI) explores environmental, social, and governance (ESG) issues engagement in sovereign debt investing, including current market practices, challenges and differences between corporate and sovereign bondholder engagement, and the role it can play in promoting responsible investment. Sovereigns bondholders should be more active in engaging with nations on ESG issues to affect change, according to the report. Engagement in any asset class allows investors to move from merely observing an issuer’s ESG performance and historical trajectory to encouraging an improvement in transparency and tangible actions in relevant areas, thus using their weight to influence and shape ESG outcomes. Both the investee entities and their investors are consequently better informed to address ESG factors that might be material to the pricing and performance of their securities. Sovereign bondholder engagement differs – not only from shareholder engagement, but also corporate bondholder engagement. As responsible investment expectations evolve beyond pure risk-return considerations to shaping sustainable outcomes, so will capital allocation and engagement practices.Through their contribution to countries’ funding needs, sovereign bondholders can help accelerate progress towards sustainability goals, and cease being an underutilised resource. Dowload the report





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