Some countries in Latin America are emerging as innovators in the development of green, social, sustainability and sustainability-linked bonds (GSSSBs).
Chile issued the first sovereign green bond in the region in 2019 and the first sovereign sustainability-linked bond in the world in 2022. In 2020, Ecuador issued the first sovereign social bond in the world. Chile is the only sovereign that has issued all four types of GSSSBs, according to Bank of America.
