LIMA, May 27 (NNN-ANDINA) — The Peruvian Government has been awarded the prestigious “The Just Transition Trailblazer Award” at the 9th Climate Bonds Awards —organized by the Climate Bonds Initiative— in recognition of its outstanding issuance of sustainable sovereign bonds and its commitment to a fair, inclusive, and environmentally-responsible economy.
This prize is granted to Peru for the issuance of its fourth sustainable bond carried out in June 2023.
It was the first sustainable bond in local currency worth 16.358 billion (about US$4.379 billion) issued by the South American country, which strengthened public debt management and domestic capital market revitalization, reaffirming Peru’s commitments towards a fairer and more inclusive economy.
“Our commitment to a fair and sustainable transition is reflected in this historic issuance as it is a sustainable sovereign bond in local currency,”Peru’s Deputy Finance Minister Betty Sotelo highlighted.
“We have the firm conviction of continuing to channel resources in order to address economic, environmental, and social challenges, proving that Peru remains on its path towards a more inclusive and responsible future,” she added.
Peru’s just transition policies include enhancing social support programs, boosting economic growth, and adopting digitalization as an engine of productivity, with the aim of moving towards an environmentally-responsible economy in the most fair and inclusive manner for all Peruvians.
The Climate Bonds Initiative acknowledges the contributions of emerging markets, financial institutions, and governments that have been instrumental in advancing the market over the past year.
Since 2016, the Climate Bonds Initiative has awarded over 235 organizations, financial institutions, and governments that have proven leadership through financing climate-resilient and low-carbon projects across a wide range of industries and economic sectors.
This year’s categories include Leadership Amongst Sovereign Bonds Issuers, Social and Sustainable Debt Instrument, and Green Debt Instrument. — NNN-ANDINA
