LatinNews Daily - 20 September 2023

In brief: EU, IDB announce funding to promote sustainable investment in Mexico

* The European Union (EU), the Inter-American Development Bank (IDB), and IDB Invest, the private sector arm of the IDB Group, have announced €1m (US$1.7m) in funding for a project to accelerate sustainable investments in Mexico. The project aims to improve knowledge and practices related to environmental, social, and corporate governance (ESG). This involves ESG training for executives in high-emission sectors, delivered through a chief sustainability officer acceleration programme offered by Mexico’s second stock exchange, Bolsa Institucional de Valores (Biva). It also aims to develop thematic debt frameworks for green or sustainability-linked bonds and contribute to sustainable finance tools in collaboration with Mexico’s association of banks (ABM). As such, this project will attempt to create an attractive environment for Mexico’s private and public sectors and promote investments that accelerate the country’s green economy and sustainable development, aligning with the EU’s Global Gateway initiative, which addresses global environmental challenges through sustainable finance.

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