5 Key Points of Ecuador's Sovereign Social Bonds
Peer Reviewed
Date issued
Feb 2020
Subject
Financial Bond;
Financial System;
Housing Finance;
Social Bond;
Government Bond;
Mortgage Market
JEL code
N46 - Latin America • Caribbean
Country
Ecuador
Category
Catalogs and Brochures
The Republic of Ecuador has issued the world's first sovereign social bond to diversify its financing sources for affordable housing access. This issuance is supported by a guarantee from the IDB. This document summarizes the most relevant features of the issuance through five key points. It highlights the execution scheme as well as the direct and indirect benefits of this unique bond.
