IDB Invest recently announced the issuance of his first blue bond in Latin America and the Caribbean. It is a 10-year fixed rate bond for 50 million Australian dollars (equivalent to 37 million dollars).

The proceeds will be used to support projects that help expand drinking water and sanitation to the people of the region. The inaugural bond lays the groundwork for future blue bonds that finance projects in other industries, such as low-carbon and resilient ports, circular economy and sustainable tourism.

To date, IDB Invest has issued $1.6 billion under its Sustainable Debt Framework, comprising six bonds so far, including one sustainability-linked bond, two social bonds, two green bonds and its current first blue bond.