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dc.titleDeveloping the Thematic Bond Market in Latin America and the Caribbean: Brazil's First Sustainable Bond by a Public Financial Institution
dc.contributor.authorCavazzoni Lima, Rafael
dc.contributor.authorFerreira, Rodrigo
dc.contributor.authorFaria, Márcia Groszmann
dc.contributor.authorMoura, Andre Almeida Pamponet
dc.contributor.authorPrado, Gerald
dc.contributor.orgunitConnectivity, Markets and Finance Division
dc.coverageBrazil
dc.coverageLatin America and the Caribbean
dc.date.available2021-07-15T00:00:00
dc.date.issue2021-07-15T00:00:00
dc.description.abstractThis paper describes the issuance of the first sustainable bond in Brazil by a public financial institution, executed by the Banco de Desenvolvimento de Minas Gerais (BDMG) with the support of the Inter-American Development Bank (IDB) Group. It highlights key features of the transaction as well as the role that public financial institutions can play in developing the thematic bond market. The bond supported 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, and was developed following a Sustainability Bond Framework in accordance with the Green Bond Principles, the Social Bond Principles, and the Sustainability Bond Guidelines.
dc.format.extent14
dc.identifier.doihttp://dx.doi.org/10.18235/0003395
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Developing-the-Thematic-Bond-Market-in-Latin-America-and-the-Caribbean-Brazils-First-Sustainable-Bond-by-a-Public-Financial-Institution.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectSustainability
dc.subjectSustainable Development Goals
dc.subjectGreen Finance
dc.subjectGreen Bond
dc.subjectCredit Market
dc.subjectFinancial Bond
dc.subjectSustainable Investment
dc.subjectSustainable Business
dc.subjectGreen Market
dc.subject.jelcodeF30 - International Finance: General
dc.subject.jelcodeG23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors
dc.subject.jelcodeF34 - International Lending and Debt Problems
dc.subject.jelcodeG10 - General Financial Markets: General
dc.subject.keywordsenvironmental;transparency;Latin America and Caribbean;Brazil;IDB;investment;Technical assistance;Social;Credit;COVID-19;thematic bond;sustainable bond;first;issuance;public financial institution;minas gerais;projects;benefits;catalytic;role;institutional;capacity;group;IDB Invest;BDMG;guarantee
dc.typeLearning Materials
idb.identifier.pubnumberIDB-LM-00368
idb.operationRG-T3554
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