Chile issued the first sovereign green bond of the American Continent on June 17th and marked a turning point for the Latin American region. With a USD 1.4 bn at 3.5% interest rate and dollar-denominated, the bond was overwhelmingly received by international investors and ground-breaking in several ways. More than 300 investors expressed interest for the transaction at an order … [Read more...] about Sovereign Green Bonds: 4 reasons to pay attention in LAC
Infrastructure Bankability: Renewed interest from investors in Latin America?
The chronic gap in infrastructure quality and quantity of the Latin American region requires a regime shift that sees the mobilization of private investors as an essential step. While data shows that the private sector has largely been more active in Latin America than in other developing-nation regions over the last decade, particularly in Brazil, Mexico, Colombia, and Peru; … [Read more...] about Infrastructure Bankability: Renewed interest from investors in Latin America?
Central banks and financial supervisors are starting to think big on climate change
Since the remarkable “Breaking the Tragedy of Horizon” speech by Mark Carney, Governor of the Bank of England, in 2015, climate-related risks entered the agenda of concerns for the financial supervisor and regulator. Two years later, in December 2017, eight central banks and supervisors (including Banco de Mexico) established the Network of Central Banks and Supervisors for … [Read more...] about Central banks and financial supervisors are starting to think big on climate change
Green shoots emerging: discussing bankability and sustainability in Argentina’s infrastructure
On June 27th, 2018, in Buenos Aires, Argentina, the Inter-American Development Bank Group (IDBG), in collaboration with Bolsas y Mercados Argentinos (BYMA) and Fundación Vida Silvestre (FVS), hosted the second Roundtable of the Latin America and the Caribbean (LAC) Sustainable Infrastructure Financing Network. These roundtables are a series of events to convene public … [Read more...] about Green shoots emerging: discussing bankability and sustainability in Argentina’s infrastructure
“Power is gained by sharing knowledge, not hoarding it”: Insights from the IDB-China Exchange Program on Green Finance
The global green bond market hit USD 160 bn in 2017 and is estimated to reach 250 bn this year, with China becoming the world’s second-largest issuer (behind only the US) in less than three years since the first bond was issued in 2015. This is clear evidence of how the green economy is growing in a country that at the moment is also creating growth opportunities for its … [Read more...] about “Power is gained by sharing knowledge, not hoarding it”: Insights from the IDB-China Exchange Program on Green Finance