Thanks to this operation, Banco Promerica improved people's lives, helped many SMEs successfully navigate the pandemic, and contributed to the economic and social development of the region. It was an unprecedented initiative.
The growing interest of companies and investors in thematic bonds goes hand in hand with the need to provide them with the tools and knowledge to guide them on this path. The results, so far, speak for themselves. And the future looks promising.
A new guide providing practical assistance when developing or enhancing compliance programs may help lower integrity risk, a key hurdle for some foreign investors looking to work with banks in the region.
Paraguay has a unique opportunity to position itself in the global market and seek its first thematic bond. With the upcoming UN Climate Change Conference, COP28, just around the corner, the time has come to make this a reality.*
Subordinated bonds can extend financing to the real sector and priority segments, such as small- and medium-sized enterprises, women entrepreneurs, and green projects that contribute to climate change mitigation and adaptation.
As some of Mexico’s alternative credit providers have fallen from grace, others have emerged and lessons have been learned by new and existing players in the non-bank financial sector, creating opportunities for growth in multiple segments.