Honduras’ Ministry of Finance announced that an international environmental, social and governance research and ratings firm has completed an independent review of the allocation report for the country’s first green, social and sustainable thematic bond, issued in November 2024 for USD 700 million. The review confirmed that all allocated proceeds were applied to eligible expenditures consistent with the bond’s use-of-proceeds criteria. The review, conducted by Sustainalytics, found the allocations consistent with the Republic of Honduras’ Thematic, Green, Social and Sustainable Bond Framework and aligned with the International Capital Market Association’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines. The Ministry also cited technical support from the World Bank and European Union funding for the external reviewer, and made the allocation report available on its website.
Ministry of Finance (Honduras) 2025-01-13
Honduras Ministry of Finance says independent review confirms USD 700 million thematic bond proceeds met international standards
Honduras’ Ministry of Finance announced that an independent review by Sustainalytics confirmed the allocation of proceeds from the country's first green, social, and sustainable thematic bond, issued in November 2024 for USD 700 million, was consistent with the bond’s criteria and international guidelines. The review aligned with the Republic of Honduras’ Bond Framework and received support from the World Bank and European Union funding.