The inter-institutional alliance is carried out within the framework of the Thematic Bond Technical Assistance Program, led by the Global Green Growth Institute in Peru, Colombia and Paraguay, with the aim of supporting the Stock Exchanges of the three countries to promote sustainable investments. in the local market and encourage investment in projects aligned with the environmental and social commitments of Latin America and the Caribbean.

Lima – 8 August 2022. The Lima Stock Exchange (BVL) and the Global Green Growth Institute (GGGI), institutions committed to the transition towards a low-carbon and resilient growth model in Peru, established an inter-institutional alliance in order to strengthen the capacities of companies and interest groups to promote sustainability in the local market and encourage investment in projects aligned with the environmental and social commitments of the Latin American and Caribbean region.

The signing of the Memorandum of Understanding was attended by Miguel Ángel Zapatero Alba, General Manager of the BVL, and Chan Ho Park, GGGI Representative in Latin America and the Caribbean.

“We want to be part once again of the efforts to promote sustainable financing in the country and support companies on this path. This alliance fits with this objective” highlights Miguel Ángel Zapatero, General Manager of the Lima Stock Exchange.

Through this agreement, the BVL will form part of the Technical Assistance Program for Thematic Bonds led by GGGI in Peru, Colombia and Paraguay, which establishes a general framework of cooperation with the Colombian Stock Exchange (BVC), the Stock Exchange of Lima (BVL) and the Stock Exchange and Products of Asunción (BVPASA), to support companies in their transition towards better standards, practices and sustainable finances.

“At GGGI, we are committed to promoting green economic growth as a key axis to ensure the prosperity of our societies and the planet. Through the technical assistance program that we are implementing today, we reaffirm our commitment to join efforts among different countries to accelerate sustainable development in Latin America and the Caribbean,” expressed Chan Ho, GGGI Representative in Latin America and the Caribbean.

The program, that will have a duration of 18 months, is aimed at different interest groups in this field to make visible the importance of thematic bonds as key innovative instruments to ensure investment in projects that encourage economic growth with environmental and social impact; in addition to promoting the exchange of knowledge where common barriers can be addressed and lessons learned shared among the participating Stock Exchanges.

As a result, GGGI is expected to extend its commitment to Latin America and the Caribbean in strengthening capacities and identifying good practices that allow the scalability of the use of sustainable instruments.