The Inter-American Development Bank fosters issuance of green bonds in Latin America
Since 10 months
IADB, the multilateral financial institution expects that LATAM countries might raise up to US$7.000 millions.
Gianleo Frisari, climate change economist of the IADB Group in Washington informed that this major regional lender is supporting seven countries in the region and other five borrowers, including public utilities and public banks, in structuring next year green bond issuances. Mexico, Peru, and Colombia are among the countries that have shown interest in these options or are already working in making them feasible.
Climate finance by development banks is growing
Multilaterals provided $41.5 billion for climate financing in 2019.
The Inter-American Development Bank announced that the multilateral development banks delivered US$41.5 billion in climate financing for low- and mi...
BDMG readies to issue Sustainable Bonds in partnership with the IADB
With the support of the IADB, the BDMG is preparing to become the first Brazilian public bank to issue Sustainable Bonds in line with the UN's Sustainable Development Goals (SDG).
To this end, BDMG has just published...
New study reveals the status of climate risk management in LAC banks
A survey among 78 financial institutions in Latin America and the Caribbean holding 54% of the total assets managed by the banking sector in the region, revealed that 38% of banks incorporate guidelines on climate cha...