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Get the news on sustainable finance & investment in Latin America Email * Company * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Banco de Desarrollo Productivo (BDP) sold BOB102.9 million ($14.8 million) worth of green bonds, the first such deal in Bolivia certified by the Climate Bonds Initiative, the nonprofit said Friday. The La Paz-based development bank, which is 80% owned by the Bolivian state and 20% by Latin American development bank CAF, will use the proceeds for solar energy projects to support Bolivia’s transition to a low-carbon economy, according to a press release. The projects include building photovoltaic plants and related infrastructure in the departments of Santa Cruz in the southeast and Potosí in the southwest, helping to strengthen climate resistance, reduce the use of fossil fuels, and cut greenhouse gas emissions. Andrés Felipe Sánchez, head for Latin America and the Caribbean at the Climate Bonds Initiative, called the deal a milestone and said it “sets a precedent for future green investments.” ADVERTISEMENT More Sustainable Finance & Investment News FREE TO READ THANKS TO Havanna, River Plate plan bond debuts Vale to divest chunk of renewables arm Promigas issues more social bonds Bimbo, Nafin print local bonds Mercader plans local ESG bond sale Climate Fund Managers expands LatAm ESG portfolio CABEI prices maiden sterling bond Cargill buys out SJC Bionergia investors BBVA México signs new SLL BBVA Perú prints gender bonds Aegea gets fresh BNDES financing GDPar to price second Brazil bond Load more posts Something went wrong. Please refresh the page and/or try again.
