IDB Group. MDBs, including the IFC and the IDB Invest, must examine how they . This is the sixth bond issued under IDB Invest's Sustainable Debt Framework launched this year. IDB Invest, a member of the IDB Group, has structured and subscribed the first private issuance of a sustainable bond in Uruguay. *IDB Investcontributes to the global policy dialogue and is signatory and active advocate of the Corporate Governance Development Framework (CGDF), a global initiative that encompasses a set of shared guidelines to promote corporate governance through lending and investment operations. Select an IDB Group entity and/or country to filter development results and approved projects that support the SDGs. IDB Invest Launches Debut Global Benchmark Sustainability Bond 04/13/2022 Since 2 weeks IDB Invest has completed the inaugural benchmark issuance of a US$1 billion sustainability bond in the framework of its new global debt program. The document aims to enable the issuance of green, social, and sustainable bonds in Brazil and abroad. This report pertains to the IDB. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region. IDB Invest's blue bond is the issuer's six transaction of the year, with all six deals being issued off the borrower's sustainable debt framework, following a sustainability benchmark bond . IDB Invest's mezzanine financing consists of a $35 million loan from IDB Invest resources and the mobilization of a US$15 million B-Loan from Blue Like an Orange Sustainable Capital. On the other hand, the IDB Invest (formerly Inter-American Investment Corporation -CII-), the IDB's private arm, began updating its Environmental and Social Sustainability Policy last June. This is a subordinated issuance for a total of up to $15 million, issued by Banco Bilbao Vizcaya Argentaria Uruguay S.A. (BBVA Uruguay). Highly commended, sustainability-linked loan of the year: Aligned. The IDB Lab is a trust fund administered by the IDB and serves a unique function as the IDB Group's innovation laboratory. IDB Invest has a funding programme . Moreover, we surpassed most of our sustainability targets: Gender 50%, SMEs 37%, and Digitalization 18%. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The ESPF applies to new investment loans, grants, and guarantees, as well as some policy-based loans and technical cooperation. A Framework to Guide Sustainability Across the Project Cycle (March 2018), including at pp.11-12, 16, 19 and 21. It is a three-year fixed rate bond that pays an annual coupon of 2.625% and priced at mid-swaps + 32 bp. This is the . Total commitments reached $6.3 billion, and core mobilization reached a record-breaking $3 billion. The Inter-American Development Bank developed in 2020 an updated, integrated policy framework to manage environmental and social risks. Sector Framework Documents. Green project bond of the year: CADU/IDB Invest. This framework forms the basis of the IDB Group working definition of sustainable infrastructure as "infrastructure projects that are planned, designed, constructed, operated, and decommissioned in a manner to ensure economic and financial, social, environmental Beyond the need to optimize capital deployment and ensure strategic selectivity of its operations, IDB Invest will operate in a region facing difficult political and economic trials. Download full report 1. Use of Proceeds - aligned with GBP/SBP • The Eligible Categories are clearly defined. IDB. To date, IDB Invest has issued $1.6 billion under the framework, including one sustainability . Responsible exit is not an issue that is included in the IFC's performance standards or the IDB Invest's Sustainability Policy, and there is no clear framework or policy that project-affected people — or management at the institutions themselves — can refer to or rely on. The Team: Our division is in charge of the design and implementation of the IDB Invest's development effectiveness framework. The ESPF applies to new investment loans, grants, and guarantees, as well as some policy-based loans and technical cooperation. This is the . IDB Invest has designed a Sustainable Debt Framework (SDF) as an overarching tool ruling the issuance of green, social, and sustainability debt instruments in different formats and offering types. The Inter-American Development Bank (IDB) approved a $250 million loan to support economic recovery in Ecuador, focusing on strengthening the social protection system, female employment, and labor sectors linked to environmental objectives, also called "green jobs." Supporting the equal integration of women in the economy is one of the operation's priorities. IDB INVEST IMPACT MANAGEMENT FRAMEWORK 2 Drivers of Change This shift is in part driven by the Sustainable Development Goals (SDGs), which have gained traction as a universal roadmap for measuring, managing, and communicating social, environmental, and economic impact. Selecting the right projects and clients Given the scope of need for private investment in Latin America and the Caribbean, being able to target origination efforts is key. Through this program, this partnership will provide approximately $230 million (UK£ 177 million) between 2018 and 2022 to catalyze private sector investment in sustainable low-carbon infrastructure, considering the IDB's Sustainable Infrastructure Framework as a base. The Board of the IDB Group, in its 2020-2023 Corporate Results Framework, has set the financing related to climate change to an annual floor of 30% for each of its windows, which includes the IDB, IDB Invest and IDB Lab, for the next four years. As of the third quarter of 2020, we estimate the IDB (only) climate finance as 10.99% of the volume . LOCATION By contrast, IDB Invest's E&S sustainability policy, adopted in 2013, provides an overall framework for E&S impacts and risks, and it distinguishes more clearly between the responsibilities of IDB The IDB Group is composed of two separate legal entities: the IDB and the Inter-American Investment Corporation (IIC), which was rebranded as IDB Invest in 2017. The IDB Group is composed of the Inter-American Development Bank (IDB), IDB Invest (formerly known as the Inter-American Investment Corporation, or IIC) and the IDB Lab (formerly known as the Multilateral Investment Fund, or MIF), a fund administered by the IDB. But with each one having different stated aims, scope and criteria, how should fund issuers navigate this complex landscape? This is the sixth bond issued under IDB Invest's Sustainable Debt Framework launched this year. The framework is aligned with the International Capital Market Association's Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines. It is IDB Invest's largest bond in the Mexican market. Much of the needed financing will come from domestic and . IDB Invest launches $ 1 billion inaugural sustainability benchmark bond USA - English - The bond proceeds will finance eligible green and social projects as set out in its new Sustainable Debt. About IDB Invest: IDB Invest, the private sector institution of the IDB Group, is a multilateral development bank committed to supporting business in Latin America and the Caribbean. The framework adheres to the green and social bond principles and guidelines espoused by the International Capital Markets Association. - The bond proceeds will finance eligible green and social projects as set out in its new Sustainable Debt Framework . The IDB commits to maximizing sustainable development benefits in line with the "do good beyond the do no harm principle," requiring the Borrower to consider and report how project design will enhance both the social and environmental good in the environmental and social assessment. This is the first time a private financial entity has issued a social bond in Colombia. Background: We are searching for a Development effectiveness Officer working under the supervision of the Division Chief of the Development Effectiveness Division (DVF) of the Strategy and Development Department (DSP). The ESPF incorporates many improvements, including providing greater . It finances sustainable enterprises and projects to achieve financial results that maximize economic, social, and environmental development in the region. The IDB Group is actively supporting countries in Latin America and the Caribbean to achieve the Sustainable Development Goals. The framework, which is expected to enter into force at the end of 2021, highlights the IDB's commitment to helping the countries of the region develop more inclusive and prosperous societies, fostering both economic development and environmental and social sustainability. Argentina Sustainable Recovery of Landscapes and Livelihoods in Argentina Project Loan, Grant $57.00 Support Substantial 02-25-2022 WB IDA Senegal Casamance Economic Development Project Credit $45.00 Support Substantial 02-25-2022 IDB IDB Argentina Multisector Program to Strengthen the Public Investment Cycle Loan $37.00 Support N/A V.E is of the opinion that IDB Invest's Sustainable Debt Framework is aligned with the four core components the Green Bond Principles 2018 ("GBP") and the Social Bond Principles 2020 ("SBP"). IDB Invest Sustainability Bond Framework: Costa Rica Lloyds Bank: Capacity building for green lending: London: City of Mexico: Green bond framework and assurance: Mexico: European Investment Bank (EIB) Transition risk assessment methodology review: Luxembourg: FCO - Peru: Green finance roadmap: Peru: Nedbank Climate/Green Bond Assurance South . This framework modernizes the IDB's safeguard policies that guide the management of environmental and social risks and impacts in our projects. IDB Invest established a Sustainable Debt Framework and executed its entire 2021 funding program under it, including its inaugural sustainable debt listed on the London Stock Exchange at $1 billion. The world needs to ramp up investments in sustainable infrastructure to tackle large deficits in infrastructure . The goals of the IDBG in the energy sector are to help increase Latin America and the Caribbean countries access to efficient, sustainable, reliable, and affordable energy in a diversified and secure manner, while reducing poverty, promoting improved quality of life, and fostering competitiveness and economic growth and development. IDB Invest has a new Environmental and Social Sustainability Policy. This report pertains to the IDB. Over the course of the Bank's more than 50 years of operations, the approach to developing operational policies has taken various forms, the most . IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. IDB Invest, the private sector division of the Inter-American Development Bank (IDB), said Friday that it sold $1 billion worth of five-year bonds in its first issue under a newly released sustainability debt framework. The modernization of these policies aimed to enhance the environmental and social sustainability of the IDB's operations, and better align them with international standards and best practices. The new policy is the result of over two years of inclusive and constructive dialogue with multiple stakeholders through a comprehensive public consultation. The ESPF incorporates many improvements, including providing greater . It was approved by the Board of Directors on April 10, 2020, and it became effective on December 15, 2020. It establishes, implements, and coordinates compliance with . To date, IDB Invest has issued $1.6 billion under the framework, including one sustainability . The 0.625% 2026 notes priced at 99.592 to yield of 0.708%, or 13 basis points over mid-swaps, equal to 25 basis points over . The IDB Invest is a member of the . 3 IDB, Social Impact Assessment: Integrating Social Issues in Development Projects (2018), including at pp. The Board of Executive Directors of the Inter-American Development Bank (IDB) today approved a new Environmental and Social Policy Framework (ESPF). IDB Invest launches $ 1 billion inaugural sustainability benchmark bond. With a portfolio of $14.8 billion in asset management and 376 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its . the framework presents four main principles of sustainability covering economic and financial, environmental, social, and institutional dimensions, and it proposes that each of these needs to be considered across the project cycle including, critically, how upstream policy, legislation, regulations, planning, and organizational capacities … The bond is IDB Invest's second under its sustainable debt framework, which it debuted in February this year. The Brazilian National Bank for Economic and Social Development (BNDES) is launching its Sustainability Bond Framework (SBF), produced through a partnership with the Inter-American Development Bank (IDB). It is fully aligned with common market practices, such as the Impact Management Project's five dimensions of impact. The use of proceeds from the first Climate Bond Initiative (CBI) certified green bond for the housing sector in Latin America will finance or refinance green housing projects that incorporate energy and water efficiency measures under Ecocasa - a sustainable social housing programme in Mexico. . Peru is one of four countries (together with Mexico, Brazil and Colombia . IDB Invest has completed the inaugural benchmark issuance of a US$1 billion sustainability bond in the framework of its new global debt program. The financing gap has grown considerable as a result of the COVID pandemic. Sustainable Infrastructure (SI) is now recognized as an essential foundation to achieve inclusive and sustainable growth, deliver on the Sustainable Development Goals (SDGs), and meet the targets of the Paris Agreement of the United Nations Framework Convention on Climate Change. Advanced knowledge of IDB Invest's Sustainability Framework, including at least one area of in-depth technical knowledge relevant to sustainability standards. IDB Invest Development Effectiveness Officer. The IDB Invest is committed to . It is a three-year fixed rate bond that pays an annual coupon of 2.625% and priced at mid-swaps + 32 bp. LOCATION Currently, the Inter-American Development Bank (IDB) is updating its environmental and social Operational Safeguards Policies (2006), and civil society has participated in the process, providing feedback to strengthen policies and create a culture of development that protects people and the environment. IDB Invest's mezzanine financing consists of a $35 million loan from IDB Invest resources and the mobilization of a US$15 million B-Loan from Blue Like an Orange Sustainable Capital. The Inter-American Development Bank (IDB) approved a $250 million loan to support economic recovery in Ecuador, focusing on strengthening the social protection system, female employment, and labor sectors linked to environmental objectives, also called "green jobs." Supporting the equal integration of women in the economy is one of the operation's priorities. unfunded, giving IDB Invest a clear path to promote development through the private sector. Within the framework of the public consultations that the IDB Invest is conducting on the draft of its new Environmental and Social Sustainability Policy, we participate in the face-to-face public consultation held last Tuesday, September 4 at the headquarters of the IDB Argentina in the city of Buenos Aires. The IDB has launched a new Environmental and Social Policy Framework (ESPF) as part of its commitment to help achieve sustainable development in Latin America and the Caribbean. 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