Blue Bonds to Test Waters for Sustainable-Debt Demand in LatAm
- IDB Invest to sell bonds for Latin America maritime projects
- Region on pace to top 2020 record for sustainable debt sales
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A development bank is preparing to test whether the craze for sustainable debt extends to Latin America’s oceans.
IDB Invest is structuring the sale of what would be the region’s first blue bond, with proceeds to be used to finance maritime projects such as sustainable fisheries across the region and tourism developments in the Caribbean.