When the IDB and IDB Invest Boards of Governors met in Punta Cana for the Annual Assembly and approved the new business model and capital increase for IDB Invest, they initiated the most significant transformation in the institution's history.

The philosophy of this new business model, Originate-to-Share, connects global capital markets with development challenges and opportunities, thus fostering larger-scale development impacts.

Read the blog: A New Business Model to Multiply Impact in Latin America and the Caribbean

Regular reporting is a pillar of transparency and accountability in the sustainable bond market, ensuring that investors are informed about how proceeds are used and the impacts of projects.

At IDB Invest, we recognize the importance of allocation and impact reports, strive to constantly improve them, and learn some lessons in the process.

Read the blog: Five Best Practices for Sustainable Bond Reporting

However, our efforts are not solely on large transactions and investment funds. Some of our efforts also concentrate on financing institutions that fund MSMEs.

In Peru, for example, our support has notably helped Caja Huancayo deepen its mandate to serve vulnerable populations, especially women in rural areas.

Read the blog: Sustainable Microfinance to Empower Rural Women

With the same philosophy, IDB Invest supported structuring the first sustainable bond in Central America in 2020. This collaborative work with Banco Promerica in Costa Rica set a precedent in the regional financial market.

The commitment of this financial institution to the Sustainable Development Goals is evident, demonstrated by their prioritization of SMEs, green loans, agribusiness, and middle-class mortgages.

Read the story: The Sustainable Bond that Transformed Central America's Financial Market

The blue economy refers to all economic activities that depend on the oceans and their resources. This includes fishing, aquaculture, coastal tourism, maritime transport, and marine renewable energy.

The goal is to generate income while promoting conservation and restoration efforts of the marine ecosystem, creating sustainable activities for vulnerable populations and MSMEs.

Here are more reasons to consider this investment: Five Good Reasons to Ride the "Blue Bond" Wave

These examples show that IDB Invest is committed to financial innovation, designing products that meet the needs of its clients and allow for scaling up its impact on the development of Latin America and the Caribbean.