At a Glance
|Start Date||Q2 Apr 1 2022|
|End Date||q4 31 Aug 2023|
|Actual Budget (USD)||82,926|
|Actual Expenditure (USD)||$48,280|
|GGGI Share (USD)|
|Poverty and Gender Policy Markers||poverty, gender|
|Name of Client (Lead/Prime implementer if GGGI is part of a consortium)||Colombia Stock Exchange (BVC), Lima Stock Exchange (BVL), Asuncion Stock and Products Exchange (BVPASA), COFIDE|
|Participating Organization (Funding/donor)||Korean Green New Deal Fund (KGNDF)|
|Name of consortium members, if any|
GGGI Project Code : PE31
Project Manager and Staff +
The Thematic Bond Technical Assistance Program is an initiative led by the Global Green Growth Institute (GGGI) in collaboration with the Colombian, Asuncion, and Lima stock exchanges, which, with funding from the Government of the Republic of Korea, aims to objective to support the issuance of thematic bonds in Colombia, Paraguay and Peru, through technical assistance, capacity development of issuers and other relevant stakeholders.
The project provides demand-led technical assistance to the Colombia Stock Exchange (BVC), the Lima Stock Exchange (BVL), and the Asuncion Stock and Products Exchange (BVPASA) to complete multiple thematic bonds emissions (green, social, sustainability, sustainability-linked bonds) to raise capital earmarked to green and social projects contributing to the country’s climate change ambitions and post-COVID recovery.
Component 1 – LAC Thematic Bond Network established: Regional workshops regional workshops for the development of capacities aimed at issuers, regulators, and other interest groups, in order 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.
Component 2 – LAC Thematic Bond Learning Network established: A knowledge exchange platform will be promoted where common barriers can be addressed, and lessons learned can be shared among the participating Stock Exchanges.
Component 3 – Development of Thematic Bond Framework: GGGI will work with the BVL, BVC and BVPASA in the identification of issuers with the general objective of supporting through technical assistance for the development of Bond Frameworks and in the pre- and post-listing requirements. issuance, including Framework’s Second Party Opinion.
As a result, it is expected that GGGI, together with the BVC, BVL and BVPASA, can accelerate the issuance of up to 5 thematic bonds in the region. Through the tri-national program, GGGI extends its commitment to Latin America and the Caribbean in strengthening capacities and identifying good practices that allow the scalability of the use of thematic bonds.
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