Climate Bonds Initiative (CBI) and the Guayaquil Stock Exchange (BVG) signed a letter of intent with the aim of promoting sustainable finance in Ecuador and driving the change towards a zero-carbon and climate-resilience economy in the region.

Within the framework of this partnership, CBI and BVG agree on a series of activities for next year such as the development of trainings and materials aligned with the best market practices. CBI will to interact with BVG and its partners on sustainable finance through experience-exchange mechanism such as round tables, webinars and face-to-face seminars.

Moreover, BVG will provide transparency in the sustainable debt market trading and support the promotion of green, social, sustainability, sustainability-linked and transition bonds (referred to as VSS+ bonds) certified by CBI, among other activities.