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Bolivia advances in sustainable finance with its first issuance of green bonds
12/21/2023 Since 3 months

The Banco de Desarrollo Productivo S.A.M. (BDP, former NAFIBO), a financial institution belonging to the Plurinational State of Bolivia (80%) and the Andean Development Corporation – CAF (20%), has completed Bolivia’s first thematic issuance through the placement of a bond green for an amount in local currency equivalent to approximately 15 million dollars.

The proceeds will finance key initiatives for the transition towards more sustainable energy sources, promoting energy efficiency and the adoption of cleaner production practices for various economic units, which will contribute to emissions reduction estimated at 1,200 tons of CO2 equivalent.

The United Nations Development Program (UNDP) supported BDP by providing advisory services on best practices and international standards on green bonds issuance from the early stages of the process.

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