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RG-T3368 : Regional Green Bonds Program for Latin America and the Caribbean

Project Status: Implementation

The objective of the proposed program is to scale-up and replicate the IDBG support for green bonds, while as well expand the experience to new issuers (governments and municipalities) and to new instruments (sustainable bonds): "Providing the necessary technical assistance to governments and NDB clients relating to issuances on more challenging sectors beyond Renewable Energy, including sustainable agriculture, multi-sector portfolios, Sustainable Development Goals (SDGs) thematic projects by  among others - developing methodological, knowledge and technical frameworks; Providing the necessary technical assistance to identify national and subnational budget expenditures that could be eligible for green and sustainability bonds, promoting inter-ministerial dialogues to prioritize assets, allocate proceeds and ensure bonds alignment with countries' commitments under their NDC and SDG. Providing technical support to governments and additional NDB clients regarding financial structuring aspects of the bond issuance and aggregation of portfolios, as well as regarding the use of credit enhancement features and identifying opportunities for the IDB or IDB Invest to offer financial instruments (guarantees, private placement, anchor investments and blended finance solutions for the mobilization of resources through other multilateral partners, such as EIB and KFW); Assessing international appetite for investments in LAC sustainable and green bonds issuances (including the conditions in terms of costs and framework, and potential for Green Panda Bonds issuances in China, the potential of SGD bonds and the impact of credit enhancement).

Project Detail

Project Number
RG-T3368
Approval date
April 23, 2019
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/AC-17318-RG

Financial Information

Project Number
RG-T3368
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
NDC Pipeline Accelerator Multidonor Fund
Reporting currency
USD - United States Dollar
Reporting date
Sep/24/2020

Roles & Responsibilities

Contract signature date
Apr/23/2019
Operation Number
ATN/OC-17317-RG

Financial Information

Project Number
RG-T3368
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Sep/24/2020

Roles & Responsibilities

Contract signature date
Apr/23/2019
Operation Number
ATN/MC-17316-RG

Financial Information

Project Number
RG-T3368
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Sustainable Energy and Climate Change In
Reporting currency
USD - United States Dollar
Reporting date
Sep/24/2020

Roles & Responsibilities

Contract signature date
Apr/23/2019

Project Information

Total Cost
USD 2,050,000
Country counterpart financing
USD 150,000
Amount
USD 1,900,000

Preparation

Title
Type
Project Number
Date Published