Paraguay is the first country in Latin America to typify and incorporate guidelines for the emission of Sustainable Development Goals (SDG) bonds in its national regulation. The national securities regulatory body –
Comisión Nacional de Valores (CNV) – issued Resolution No. 9/20 on March 5
th, which modifies legislation seeking to “endow the stock market with new financial instruments that promote social and environmental objectives” aligned with the 2030 Agenda and the SDGs.
This resolution categorizes SDG bonds as those debt instruments that finance projects with green, social or sustainable goals or measurable impacts; the latter contributing to both environmental and sustainable impact. These type of bonds are not exempt from the general regulations and conditions that apply by law, including in terms of risk qualification, but must be certified by an independent third party, guarantee the use of financing for the specific projects proposed and are subject to p