Sovereign Sustainability-Linked Bond Framework of Uruguay (2022)

National framework that outlines Uruguay’s approach for issuing sovereign sustainability-linked bonds, aligning public financing costs with the achievement of climate and native forest conservation targets for 2025. The document defines key performance indicators (reduction of GHG emissions per unit of GDP and maintenance of 100% of native forest area), details verification mechanisms and annual reporting requirements, and sets out the country strategy to advance toward carbon neutrality and ecosystem protection under the Paris Agreement. It also integrates sectoral policies in energy, transport, agriculture, and land use, supported by an interministerial institutional framework.