IDB Boosts Latin America ESG Bond Campaign With $1 Billion Push
- Multilateral bank advised on $1.65 bln of ESG bonds in 6 years
- IDB Invest sees most of its future business in sustainability
James Scriven, chief executive officer of IDB Invest, speaks during the Brasil Investment Forum in Sao Paulo, Brazil, on Friday, Oct. 11, 2019.
Photographer: Patricia Monteiro/BloombergInter-American Investment Corporation is helping companies in Latin America and the Caribbean bring about $1 billion of environmental, social and governance bonds as sustainable financing gains traction in the regions.
That’s equivalent to about 60% of all ESG bonds in which the multilateral bank, known as IDB Invest, has participated in during the past six years, an official said in an emailed reply to questions. IDB Invest, which is part of the Inter-American Development Bank group, provides debt and equity financing as well as advisory services to private sector companies operating in the region.