Latin America and the Caribbean has a variety of vulnerable settlements in diverse terrains including coastal, mountain and floodplain areas that require careful resource management.

IDB Invest, the IDB Group’s private sector institution, issued a 15-year green bond supporting the sustainable management of living natural resources and land use, for an amount equivalent to nearly 33 million US dollars (or 50 million Australian dollars). The Japanese Taiju Life Insurance Company was the sole investor of the bond.

The proceeds will support various projects aligned with the Green Bond Categories in IDB Invest’s Sustainable Debt Framework. The issuance contributes towards the UN Sustainable Development Goals 11 (Sustainable Cities and Communities), 12 (Responsible Consumption and Production) and 13 (Climate Action).