Blue bonds are an innovative capital mobilization tool for addressing ocean and water-related challenges. This publication presents the experience of structuring thematic blue bonds issued by Banco Bolivariano of Ecuador and Banco Nacional of Costa Rica.

The document outlines the regional context, the methodologies employed, and the lessons learned in the design, structuring, validation, and issuance process. It also outlines a roadmap for the expansion and consolidation of blue finance instruments in Latin America and the Caribbean, highlighting their value as an innovative and transformative financial mechanism for sustainable development. Publication available only in Spanish.