Paraguay

The first issuance of a sustainable bond by the Agencia Financiera de Desarrollo (AFD) through the Asunción Stock Exchange was made for an approximate value of USD 13 million. This issuance marks a milestone in the country, as it is the first bond issued by a second-tier public bank, with the support of the Asunción Stock Exchange, and technical support from the Global Green Growth Institute (GGGI)

FELABAN organized the 1st Latin American Congress on Sustainable and Inclusive Banking in Asunción, the most important regional event on sustainable finance for key actors in the financial sector in Latin America. The event was organized with the support of the MFS and the Banking Association of Paraguay (ASOBAN).

The Public Private Alliance for Sustainable Finance organized the Workshop on "Climate Change and Forests", aimed at key actors in the financial sector, with the support of WWF Paraguay, IFACC, Tropical Forest Alliance and the Embassy of the United Kingdom in Paraguay.

The Public-Private Alliance for Sustainable Finance is organizing a series of trainings on environmental and climate issues for key actors in the Paraguayan financial sector.

The MFS and DEG of Germany signed a cooperation agreement to develop an E-learning platform for its member entities, with the objective of deepening the knowledge on environmental and social risk analysis.

The Central Bank of Paraguay and WWF Paraguay sign a cooperation agreement to promote the development of sustainable finance, as well as to develop the framework and tools to verify compliance with Resolution 8 by regulated financial institutions.

MFS hosts the Fifth Paraguay Sustainable Finance Forum, celebrating 10 years of leading the sustainable transition of the financial sector in Paraguay

The Central Bank of Paraguay, the Ministry of Environment and Sustainable Development, the National Forestry Institute and the Sustainable Finance Roundtable sign a cooperation agreement and officially establish the Paraguayan Public-Private Alliance for Sustainable Finance.

National Securities Commission (CNV) issues the Paraguay Guidelines for the Issuance of Sustainable Development Goals (SDG) Bonds, making Paraguay the first country in Latin America to adopt SDG bonds in its national regulation

Banco Continental issues the first "Sustainable Bond" in the international capital markets for US$ 300 million

The assets of 17 banks (100 percent) are covered by ESG Integration requirements in the national sustainable finance framework

Sudameris Bank, through a line of credit granted by a syndicate formed between the German Development Bank-DEG, the Netherlands Development Bank-FMO and the French Development Bank-PROPARCO, becomes the first bank in Paraguay to obtain a Green Credit Line enabling the offer of sustainable financial products to its client portfolio

BCP becomes a member of Network of Central Banks and Supervisors for Greening the Financial System (NGFS)

MFS signs the Principles for Responsible Banking of the United Nations Environment Programme Finance Initiative (UNEP-FI)

MFS signs an inter-institutional cooperation agreement with TNC Brazil to carry out the initiative to build a version for Paraguay of the tool called “Agroideal”

MFS conducts training on the application of the Environmental and Social Guide for Financing Agricultural Activities in Paraguay

MFS participates in meetings of the Technical Committee of the Green Commodities Project

MFS holds the First International Sustainable Finance Forum of Paraguay

BCP issues the Guidelines for the Management of Environmental and Social Risks for Financial Institutions Regulated and Supervised by the Central Bank of Paraguay

MFS launches the third sector guide led by Banco Continental Environmental and Social Guide for Financing Agro-Industrial Activities in Paraguay.

MFS launches the second sector guide led by Banco Regional, Environmental and Social Guide for Financing Agricultural Activities in Paraguay.

MFS launches the first sector guide, led by Banco Sudameris, the Environmental and Social Guide for Sustainable Financing of the Livestock Sector.

BCP joins SBFN

The Sustainable Finance Roundtable of Paraguay (MFS) joins SBFN

At the initiative of four private banks in Paraguay, the Roundtable on Sustainable Finance was created with the objective of incorporating aspects related to environmental and social risks in the analysis of financing operations for the different economic sectors.