IDB and IDB Invest to launch green bond transparency platform


New facility to strengthen sector capacity and help raise greater green investment.

The Inter-American Development Bank (IDB) and IDB Invest will launch a new digital tool for greater transparency in the Latin American and Caribbean green bond market next week.

President of the IDB, Mauricio Claver-Carone, and Climate Bonds Initiative CEO, Sean Kidney, will lead the launch of the Green Bond Transparency Platform (GBTP), an innovative system to boost trust in the fledgling green finance market by facilitating harmonised reporting by issuers, verifications and validation by external reviewers and informed decision-making by investor.

The expectation is that all users will benefit from unrestricted data access following donated resource from the German Ministry of Environment and the Swiss State Secretariat for Economic Affairs. This should mean it is readily available for anyone seeking to engage in green investments.

The need for green investment is growing and major international bodies have been stepping up to support. The World Bank has committed more funding than ever before to its next round of co-benefit investments and the Islamic Development Bank recently issued its largest ever sustainable Sukuk.

Despite this, there are concerns that some parts of the world are falling behind in the development of a green investment market as the fledgling financial sector struggles to establish itself. This new platform is intended to help provide all the trust and certainty possible for those looking to engage in Latin America and the Caribbean.

To help secure that trust over the long term, the GBTP has been tested in collaboration with leading global standard setters, issuers, external reviewers, underwriting banks, stock exchanges and emerging market investors.

The launch event will be live online on 27 April 2021 from 10am to 11.30am EST.