1. Home
  2. »
  3. Publications
  4. »
  5. Developing the Thematic Bond Market in Latin America and the Caribbean: Brazil’s First Sustainable Bond by a Public Financial Institution
PUBLICATIONS
Developing the Thematic Bond Market in Latin America and the Caribbean: Brazil’s First Sustainable Bond by a Public Financial Institution
Published: July 2021
Editor/s: IDB
Author/s: Cavazzoni Lima, Rafael; Faria, Márcia Groszmann; Moura, Andre Almeida Pamponet; Ferreira, Rodrigo
File: Download PDF now

Developing the Thematic Bond Market in Latin America and the Caribbean by linking a financial instrument with the ability to target specific SDGs, thematic bonds have proven in several developed countries to be a fitting alternative to build on the momentum for impact investment.

On December 23, 2020, the Banco de Desenvolvimento de Minas Gerais (BDMG) issued a sustainable bond to support projects with measurable environmental and social benefits, such as energy efficiency, renewable energy, water and sanitation, health, and education projects, in the state of Minas Gerais, Brazil (IDB Invest, 2020). BDMG issued the bond—with the support of the Inter-American Development Bank (IDB) Group—under a Sustainability Bond Framework (BDMG, 2020) in accordance with the Green Bond Principles (ICMA, 2018a), the Social Bond Principles (ICMA, 2020), and the Sustainability Bond Guidelines (ICMA, 2018b).

This post is also available in: Spanish

LATEST PUBLICATIONS
Status and trends of compliance and voluntary carbon markets in Latin America
Read More
Latin America & Caribbean State of the market
Read More
Manual for the design of an Environmental and Social risks Management System (ESMS) for financial institutions in Latin America and the Caribbean
Read More