The Agriculture-Related Trust Funds (FIRA) from Banco de México have completed the first placement in Latin America of a resilience green bond for an amount in local currency equivalent to approximately 165 million dollars.

The 3-year term bond was placed on the local stock market. The proceeds will be aimed to promote investment in productive projects that can improve the resilience of producers and value chains in the agricultural sector and rural areas, seeking to reduce risk and vulnerability to climate change. The issuance is aligned with the Sustainable Financing Mobilization Strategy of the Secretary of Finance (SHCP) of Mexico, and in accordance with the new Sustainable Taxonomy of Mexico in what corresponds to investment projects in the food sector.