Green, Social and Sustainable Bonds Framework of the Dominican Republic
Fecha de inicio:
2024
Fecha de fin:
N/A
Description
The Green, Social and Sustainable Bonds Framework of the Dominican Republic establishes the country's commitments and obligations for thematic sovereign bond issuances aimed at financing environmental sectoral strategies, sustainable transition and social investment. This framework, developed under ICMA principles, identifies nine green categories including low-carbon transport, renewable energy, climate change adaptation, biodiversity conservation and natural resource management, plus eight social categories focused on food security, education, health, housing, employment and inequality reduction. The document establishes evaluation and selection processes for eligible expenditures through the Thematic Bonds Commission, fund management systems and external reporting and verification requirements. The framework aligns with the National Development Strategy 2030, the Nationally Determined Contribution (NDC) and the Sustainable Development Goals, seeking to mobilize resources towards investments with high impact on mitigation, adaptation and biodiversity conservation.