BENEFICIARY NAME:

COUNTRY: Uruguay

SCOPE: RG-T3045 – Building Green Financial Instruments and Systems in LAC from the Experience of China

DESCRIPTION: The project aims to support the development of a business model for green finance, based in the identification of opportunity and actionable areas, assisting BROU in being one of the key actors at the country and regional level in supporting sustainable finance. The Project will also focus in: i) environmental and risk management of the BROU’s portfolio; ii) seeking opportunities to improve efficiency; iii) analyse and ascertain sectors, zones or structures that may be riskier, iv) explore the development of potential financial instruments to address identified risks; v) promote BROU’s Management Environmental and Social Risks System (SARAS) seeking to reduce risks while increasing credit volume, in order to identify and mitigate those risks in lending activities. In addition, BROU has actively participated in an event organized by IADB, the Green Finance Knowledge Week and in the launching of the Green Panda Bond Handbook in November 2018.

SECTOR: Safeguards - Institutional Capacity

PROGRAM: ESRM - GLC

SOURCE AND AMOUNT:

• IDB US$25,000.00

PROJECT TYPE: Technical cooperation

OPERATION NUMBER: RG-T3045