Development Bank of Ecuador launches its Green Bond Framework

The Development Bank of Ecuador (BDE) has marked a milestone toward financing environmentally responsible projects with the launch of its “Green Bond Framework for the country’s sustainable development”.

The new Framework represents a roadmap, establishing clear rules for how projects will be selected to receive financing, how the funds will be managed, and how the results will be reported. In developing this tool, BDE has received technical support from the Global Green Growth Institute (GGGI), supported by the Grand Duchy of Luxembourg through the Global Trust Fund on Sustainable Finance Instruments (GTF), and in collaboration with the Quito Stock Exchange (BVQ). The Framework is aligned with the ICMA’s Green Bond Principles, the Green Climate Fund (GCF) guidelines, and the United Nations Sustainable Development Goals (SDGs).

The new Framework is expected to drive resources mobilization for strategic sectors such as drinking water, sanitation, energy efficiency, clean energy, resilient infrastructure, and climate change adaptation.