The initiative is led by the Inter-American Development Bank (IDB), together with Multilateral and Bilateral Development Institutions. Through their cooperation, they aim to increase transparency, improve data quality and the application of best practice standards in the green and sustainable bond market, and work collaboratively on the globalization of the Green Bond Transparency Platform (GBTP), a platform developed to facilitate transparent and harmonized reporting for issuers and external reviewers, and well-informed investment decisions by investors.

The Joint Declaration puts forth the shared vision of the endorsing Multilateral and Bilateral Development Institutions for the global enhancement of accountability and transparency in the developing and emerging green and sustainable bond market.