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Project country: Argentina

UK PACT sectors: Finance

Expert Partners: ECO LTD

This skill-share sought to promote a green and inclusive economic recovery post COVID through advising Argentina’s Sustainable Finance Technical Roundtable (SFTR) about green bond development and issuance strategies.

The Ministry of Economy (MoE) in Argentina has been working on an ambitious agenda to build a market that contribute to achieving the economic and social objectives within the framework of the Sustainable Development Goals (SDGs), including the country's climate change mitigation and adaptation targets. As a result, the MoE created a Sustainable Finance Technical Roundtable (SFTR), bringing together the main public stakeholders, to design, discuss, evaluate, and coordinate public policies and to develop and strengthen sustainable finance in the country.

The skill-share experts provided capacity building support for the SFTR by sharing their in-depth understanding of the global, regional and local bond markets. This allowed all members of the SFTR to consolidate their knowledge by incorporating new concepts and tools. This included the co-development of a roadmap for green, social and sustainable bond (GSS) issuance to help support officials working on debt issuance and green finance.

GESI: Both the training and roadmap development activities provided opportunities for reflection on gender, equality and social inclusion (GESI) and climate change mitigation and adaptation. Addressing social inequality through the issuance of sovereign GSS Bonds was thoroughly discussed. The online surveys, addressed to investors and issuers of GSS bonds, included specific questions to identify the level of women’s involvement in policy making, at finance institutions dealing with sustainable development and in the integration of ESG factors in business practices.

 

 

 

 

 

     

 

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• The project carried out in the framework of the UK PACT Programme allowed SFTR members to strengthen the green, social and sustainable bond market in Argentina, collaborating in the task of advancing the Sustainable Finance agenda in Argentina.
• The skill-share gave the MoE an in-depth understanding of the global, regional and local bond markets, which allowed all members of the Roundtable to consolidate their knowledge by incorporating new concepts and tools. It also allowed the MoE to learn about trends in bond structuring and issuance and, in addition, allowed them to develop a roadmap for the future development of a GSG sovereign bond framework.
• As part of this project, the aim was to strengthen capital market capacities and develop a roadmap for the development of a framework for the issuance of SVS sovereign bonds.
• The work with the experts and the exchange was enriching for all the members of the Sustainable Finance Technical Roundtable.
• The skill-share will help Argentina to find ways to motivate public and private investments which contribute to achieving the economic and social objectives within the framework of the 2030 Agenda.
• The skill-share thoroughly addressed social inequality through the issuance of sovereign GSS Bonds, and within the online surveys the levels of involvement of women within policy making was directly questioned to highlight any gender inequality to be addressed.