How blue bonds promise to boost Latin America’s economy

Announced during the UN climate summit in Glasgow, the recent issuance of Latin America’s first blue bond could be a major milestone. The region stands to benefit from this nascent financial mechanism aimed at protecting water sources and creating opportunities for populations living near them. The fixed-rate bond issued by the Inter-American Development Bank (IDB) will generate $37 million to help fund projects to increase access to clean water in Latin America.