The green bond market in the Latin America and the Caribbean (LAC) region achieved its highest green bond numbers in 2020, and is on track for similar figures in 2021. Green bonds and loans are debt instruments used to finance projects, assets and activities that support climate change adaptation and mitigation. They can be issued by governments, municipalities, banks and corporates.
This report describes the shape and size of the labelled green, social and sustainability (GSS) debt issued by entities domiciled in LAC to the end of June 2021. It outlines the status and trends of the sustainable debt market in LAC, deep-diving into transition finance and support for market development. The market analysis is also complemented by a country-segmented overview of key policy developments and opportunities for growth of sustainable finance in LAC.
This report is the second instalment of the Climate Bonds Initiative series concerning the state of the market in Latin America and the Caribbean, following the previous report from 2019.