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October 2023
Chile places its first Sustainability Linked-bond in UF
The Government of Chile, through the Ministry of Finance, has issued its first sustainability-linked bond (SLB) in Units of Account (known as UF). The SLB bond’s interest rate could be subject to changes in the future, based on whether or not Chile meets two objectives. The first one is associated with meeting two of the objectives committed by Chile in the Nationally Determined Contribution (NDC), and the second one is to achieve an average participation of at least 40% of women with respect to the total positions on the boards of directors of reporting companies subject to the Financial Market Commission supervision.
IDB Invest issues a social bond in Mexico
IDB Invest placed a 3-year social bond on the Mexican BIVA Stock Exchang. It constitutes IDB Invest’s third social issuance in Mexico to date. The funds raised will finance social projects aimed at improving the quality of life in Latin America and the Caribbean, promoting equity and socioeconomic empowerment, supporting the creation of jobs, and improving access to essential services, food security and supply. of basic infrastructure.
A sustainable opportunity for Paraguay
Paraguay has a unique opportunity to position itself in the global market and seek its first thematic bond. According to an article published on the IDB Invest’s blog, Paraguay being a medium-sized economy in the capital markets, presents a unique opportunity with the possibility of seeking its first thematic issue. As a large agricultural producer, Paraguay could benefit from green, sustainable or sustainability-linked bonds.
☆ Featured Resources ☆
2022 Joint Report on Multilateral Development Banks’ Climate Finance
The “Joint Report on Multilateral Development Banks Climate Finance” is an annual collaborative effort to publish Multilateral Development Banks (MDBs) climate finance figures, together with a clear explanation of the methodologies for tracking the progress in relation to their climate finance targets.
From November 30 to December 12, 2023, the United Arab Emirates (UAE) will host the 28th Conference of the Parties to the UN Framework Convention on Climate Change in Dubai. 
On Dec. 4th the “Finance, Trade, Gender Equality and Accountability” day will take place.