The Inter-American Development Bank (IDB) has issued a $1 billion global bond for sustainable development. This bond represents a significant effort by the institution to finance projects that promote sustainability and economic growth in different regions of the world.
The distribution of the issue amount is aimed at maximizing the global impact. Thus, 56% of the funds will go to the Americas, while 41% will be allocated to Europe, the Middle East and Africa. Only 3% of the total will go to Asia and the Pacific, reflecting a strategy focused on regions with the greatest need for sustainable development support.
As for the allocation of funds among institutions, 17% will be distributed among fund managers and corporations. Banks and private banks will receive 66% of the funds, while the remaining 17% will go to central banks and official institutions. This structure is designed to ensure broad and effective participation in the implementation of sustainable projects.
The IDB global bond will have quarterly payment installments and a scheduled maturity date of august 1, 2029. This payment structure will allow the IDB to efficiently manage the flow of funds and ensure continuity of support for sustainable development initiatives throughout its life.