The objective of this Technical Cooperation (TC) is to help Uruguay achieve the Sustainability Performance Targets (SPTs) of the world's first Sovereign Sustainability Linked Bond (SLB) with a step-down mechanism. These SPTs are directly tied to the targets of the country's first Nationally Determined Contribution (NDC). To achieve this objective, the TC will identify: (i) critical interventions in priority sectors, (ii) relevant knowledge gaps, (iii) and possible interventions which will allow the country to meet the mitigation and nature objectives of its first NDC, by 2025. Complementarily, the country's transparency capacities will be bolstered with aims to monetize them and enable the access to new concessional green finance debt instruments while also fostering a productive dialogue with relevant actors from the international financial system. Finally, a dialogue with private sector actors will be conducted through the Central Bank of Uruguay to ensure private sector participation in the achievement of the country's climate and environmental goals.
Project Detail
Country
Uruguay
Project Number
UR-T1290
Approval Date
June 9, 2023
Project Status
Implementation
Project Type
Technical Cooperation
Sector
OTHER
Subsector
OTHER
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 400,000.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 400,000.00