This is the third iteration of Climate Bonds Initiative’s State of the Market series for the LAC region. The report describes the shape and size of labelled GSS+ debt issued by LAC domiciled entities to the end of December 2022. The market analysis is enhanced by an overview of key policy developments, trends, guidance, and growth opportunities for sustainable finance in LAC.

The report provides analysis and recommendations to support the growth of the sustainable finance market in the region. The previous update on this market was published in September 2021, and at the end of June that year Climate Bonds had recorded GSS+ debt volume of USD48.6bn originating from the region. By the end of 2022, the LAC GSS+ market had reached USD154.1bn.

The report was supported by the Inter-American Development Bank Group.