Science and Tech
← Back to Current Affairs
BBVA Colombia and IFC launched the world's first biodiversity bond
Published on 20 Jul 2024
- BBVA and the International Finance Corporation (IFC) issued a US$15 million first tranche of the world's first biodiversity bond, aiming for a total of US$70 million to fund projects focused on reforestation, natural forest regeneration, climate-smart agriculture, and wildlife habitat restoration.
- BBVA Colombia acts as the issuing bank while IFC serves as structurer and investor, providing advisory services to establish eligibility criteria and reporting indicators, and enhancing technical capabilities within BBVA to promote biodiversity financing opportunities in Colombia.
Discussion 0
No comments yet. Be the first to share your thoughts!
Please log in or register to join the discussion.