Sustainable bonds could increase to more than 30% of Latin America's total bond issuance this year, showing resilience to fluctuations in the bond market over the past three years. We estimate issuance of green, social, sustainability, and sustainability-linked bonds (GSSSBs) in Latin America will reach $45 billion–$55 billion in 2024, with Brazil, Chile, and Mexico likely remaining the market leaders, particularly through issuance of sustainability and sustainability-linked bonds. Developing local guidance and taxonomies for sustainable financing are likely to continue to foster standardization and transparency, fueling investor appetite and encouraging new issuers to enter the region's GSSSB market.
Download