Brazilian Sustainable Sovereign Bonds

The Government of Brazil has developed a Framework for issuing sustainable sovereign debt securities, with resources backed by budget expenditures that directly contribute to promoting the country's sustainable development. This initiative reaffirms Brazil's commitment to sustainable policies, promoting the transition towards a greener, more inclusive and equitable economy. The framework establishes eligibility criteria in 17 areas relevant to sustainable development, covering environmental and social issues. The first issuance will focus on expenditures for 2023 and 2024, with emphasis on environmental categories such as reversing deforestation and preserving native biomes, as well as social programs to combat poverty and hunger.