This has been prepared by the Chilean Ministry of Finance with the support of the Inter-American Development Bank. This new Framework expands the county’s existing Green Bond Framework and enables Chile to issue green, social or sustainable bonds.
The new framework includes nine social eligible categories that will finance the country’s social programmes and subsidies;
- support for the elderly or people with special needs from vulnerable sectors
- support for low-income families,
- support for human rights victims,
- community support through job creation,
- access to basic housing,
- access to education,
- food security,
- access to essential health services,
- and programmes designed to prevent and/or alleviate unemployment derived from socioeconomic crises (such as the Government’s economic plan in response to COVID-19).
The framework includes six green eligible categories:
- clean transportation,
- energy efficiency,
- renewable energy,
- living natural resources,
- land use and marine protected areas,
- water management
- and green buildings.
V.E has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. V.E has provided SPOs for sustainable sovereign bonds and frameworks including, the Arab Republic of Egypt’s Sovereign Green Financing Framework, Mexico’s SDG Sovereign Bond Framework, the Republic of Chile’s Green Bond Framework, the Republic of Ecuador’s Social Bond, the Republic of Côte d’Ivoire’s Social Loan, the French Republic Green Bond Framework, and Hong Kong Special Administrative Region’s Green Bond.Download the full Press Release HERE