Amazonia Bond Issuance Guidelines
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Washington, DC: World Bank
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Amazonia, the world’s largest tropical rainforest region, plays a critical role in global bio-diversity, climate regulation, and sustaining the livelihoods of millions of people, including Indigenous peoples (IP), Afro-descendants (AD), and traditional communities (TC). It faces several complex and inter-linked challenges, such as socio-economic inequality, defor-estation, ecosystem degradation, food insecurity, and vulnerability to climate events.
The World Bank and the IDB jointly developed the Amazonia Bond Issuance Guide¬lines (Guidelines) to provide guidance and suggestions for the issuance of capital market instruments to finance investments in projects that support the transition to net-zero deforestation in the Amazonia region and help the local population pursue better liveli-hoods while preserving the ecosystem. While the existing Green Bond Principles (GBP), Social Bond Principles (SBP), and Sustainability Bond Guidelines of the International Cap-ital Market Association (ICMA Principles) provide best practices for bond issuances, they do not specifically address the unique challenges and priorities of the Amazonia region that Amazonia Bonds should finance. This document assists in closing the financing gap by providing suggested definitions of Amazonia Bonds and guidance for the issu¬ance process.
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AMAZONIA, AMAZONIA BONDS, AFRICAN DESCENDANTS, BIOECONOMY, REFORESTATION