Brazil’s government establishes committee for sustainable sovereign bond issuance
Brazil’s government created on Wednesday an interministerial committee to develop a framework for issuing “sustainable sovereign bonds” aiming to launch a bond later this year.
These new bonds will be “instruments of public debt backed by federal government budget allocations for sustainable development,” including actions and projects related to environmental and social themes, according to the Finance Ministry.
While there is no specific date for the framework’s release, the ministry expects the process to be completed in time for sustainable bonds to be issued later this year, it said in a statement.
Via Reuters