Colombia has announced the launch of its Framework of Reference for the Issuance of Sovereign Green Bonds, which is aligned with international best practices on environmental benefits, sustainable financing, transparency and accountability to investors. It is also preparing the first sovereign green bond issuance, which will finance expenses associated with a green portfolio, in order to contribute to the country’s environmental objectives and its international commitments.

The framework was developed with the support of the World Bank, the IDB and the independent opinion of Vigeo Eiris of Moody’s ESG Solutions. Information on eligible green projects and categories and their performance indicators was also published. The portfolio includes 27 investment projects, classified in six categories: water management, use and sanitation, clean transportation, ecosystem services and biodiversity protection, non-conventional renewable energy sources, circular economy, and sustainable agricultural production adapted to climate change.