sustainable bonds

Green Bonds, Social Bonds, Sustainability Bonds, Socially-Linked Bonds

This study explores investor sentiment towards the growing green bond market in Latin America and the Caribbean (LAC). From our survey results of institutional investors, we find institutional investors are interested in increasing their investment exposure to green bonds from the LAC region focused on funding both Nationally Determined Contributions and other green activities dependent on transparency of Use of Proceeds and data in the primary and secondary markets. These findings shed light on the current state of investor sentiment and highlight risks and opportunities pertinent LAC regional issuers, development banks, regulators, and civil society, and both LAC regional and global institutional investors. Addressing these risks and opportunities could potentially improve investor confidence and encourage greater participation in green finance, which could promote sustainable development not only in Latin America and the Caribbean, but also globally. ​

Jitendra Aswani and Roberto Rigobon

Published jointly by the Climate Bonds Initiative, and CIB Economic Research and Consulting (CIB Research)

Prepared by the Climate Bonds Initiative