IDEAS home Printed from https://ideas.repec.org/p/oec/dcdaab/56-en.html
   My bibliography  Save this paper

The surge of Green, Social, Sustainability and Sustainability-linked (GSSS) bonds in Latin America and the Caribbean: Facts and policy implications

Author

Listed:
  • OECD

Abstract

The Latin American and Caribbean (LAC) region has significantly increased its issuance of Green, Social, Sustainability, and Sustainability-Linked (GSSS) bonds, growing from 9.3% of total bond issuance in 2020 to almost 35% in 2023. The share of GSSS in sovereign bonds also rose markedly from 36% in 2022 to 50% in 2023. LAC countries are at the forefront globally in Sustainability-Linked Bond (SLB) issuance, leveraging innovative structures to attract a wider pool of investors. However, effective supervision and regulation of GSSS issuances remain a critical challenge: enhanced oversight is needed through sustainable finance frameworks. While the market in LAC has evolved from self-labelling to adopting external reviews, further improvements in pre- and post-issuance evaluations are necessary to ensure meaningful impacts on sustainable and inclusive development. Additionally, harmonising and interoperating national sustainable taxonomies across LAC countries is key to boosting regional and international investor interest.

Suggested Citation

  • Oecd, 2024. "The surge of Green, Social, Sustainability and Sustainability-linked (GSSS) bonds in Latin America and the Caribbean: Facts and policy implications," OECD Development Policy Papers 56, OECD Publishing.
    • Handle: RePEc:oec:dcdaab:56-en
    DOI: 10.1787/f1c893a3-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/f1c893a3-en
    Download Restriction: no
    File URL: https://libkey.io/10.1787/f1c893a3-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Emerging markets; Financing for development; Green Finance; Green; Social; Sustainability and Sustainability-linked bonds; Latin America and the Caribbean;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:dcdaab:56-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/oecddfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.