LatinNews Daily - 19 September 2023

In brief: Mexico announces financing to meet UN development targets

* Mexico’s finance ministry (SHCP) has released its sustainable financing mobilisation strategy, in which it provides a financial roadmap to meet the United Nations Sustainable Development Goals (SDGs) by 2030. The SHCP aims to mobilise up to M$15trn (US$878bn) between this year and 2030, which equates to 46% of Mexico’s current GDP, through various economic strategies such as the “issuance of labelled bonds, investment of guarantees and green credits [and] investment in strategic infrastructure projects”. The strategy is based on three pillars: sustainable public financial management, mobilisation of sustainable financing, and transversal actions. These pillars are designed with 19 lines of work and 97 strategic activities. The SHCP notes that the adoption of the strategy is voluntary and has the support of the public, private and social sectors and international organisations, among others. The strategy also includes financial policy and regulation strategies to consolidate efforts made to mobilise funds.

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