The International Financial Reporting Standards Foundation, the Inter-American Development Bank (IDB) and IDB Invest have signed a Memorandum of Understanding establishing a strategic partnership to promote the adoption and implementation of IFRS Sustainability Disclosure Standards across Latin America and the Caribbean. The partnership launches an action plan centred on knowledge sharing, capacity building, and policy engagement to support both public authorities and the private sector. Workstreams include developing a policy paper on the benefits of adoption, piloting a self-assessment tool for private banks, and producing a regional case study. Capacity-building support is intended for regulators via the IDB and for private institutions via IDB Invest to strengthen sustainability and climate-related risk disclosures, alongside targeted technical assistance and policy dialogue to help countries adopt and implement the standards. The IDB also plans to align its own disclosures with IFRS Standards through a multi-year roadmap.
International Financial Reporting Standards Foundation 2025-04-23
International Financial Reporting Standards Foundation and Inter-American Development Bank Group formalize partnership to accelerate adoption of IFRS Sustainability Disclosure Standards in Latin America and the Caribbean
The International Financial Reporting Standards Foundation, the Inter-American Development Bank, and IDB Invest have partnered to promote IFRS Sustainability Disclosure Standards in Latin America and the Caribbean. The initiative includes knowledge sharing, capacity building, and policy engagement, focusing on policy papers, self-assessment tools, and regional case studies. The IDB aims to align its disclosures with IFRS Standards through a multi-year roadmap.