Peru will present guidelines for the issuance of green bonds in March, thus giving companies access to financing for sustainable projects in the Inca country, Lima Stock Exchange (BVL) Chairman Marco Zaldivar announced on Friday.
“The green bond guidelines for Peru will be presented in March. These will include detailed information for companies wishing to issue
green bonds in order to finance sustainable projects," Zaldivar said.
This way, Peru will become the second country in the region —after Mexico— to have guidelines for the issuance of these instruments, thanks to the
cooperation of the United Kingdom.
Zaldivar stressed climate change is a reality to which Peruvian biodiversity is highly vulnerable, hence the need to invest in eco-friendly initiatives.
In this sense, Zaldivar underlined capital markets can play a key role in financing to support climate change commitments.
"This is an opportunity to finance eco-friendly infrastructure considering green bond issues expanded by 78% in 2017, thus reaching US$156 billion," the BVL Chairman affirmed.
He noted 2017 saw over 1,500
green bond issues around the world and 239 new issuers, which reflects the growing activity of this market.
(END) CNA/JJN/MVB