☀ Domingo Brief — IDB Clima, Ecuador-DR free trade, & Brazil’s green bonds

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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Welcome back to the Domingo Brief! This week, we’re looking at Brazil’s new sustainable bonds, the Dominican Republic’s press freedom, Colombia’s deforestation levels, and more.

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Trivia of the Week

Most of you correctly guessed that Argentina, Brazil, and Chile make up the so-called ABC countries of Latin America, famous for emerging as the leading naval and economic powers in the region in the early 20th century. Fun fact: the 3 countries even sent representatives to mediate between the United States and Mexico at Niagara Falls during the Tampico Affair.

Each week, tune back in for the answer to the previous week’s trivia question. No cheating!

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🇧🇷 Brazil has announced the results of its first issue of sustainable bonds in dollars. The National Treasury’s 7-year bond, to mature in 2031, was issued in the amount of $2B and experienced high demand from North American investors. The operation was led by the Itaú, JPMorgan Chase and Santander banks.

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🇨🇴 Colombia’s deforestation level is down 70% in the first 9 months of this year over 2022 figures. This government estimate outpaces even the progress seen in neighboring Brazil, which has halved deforestation rates since January.

Latinometrics: Along with ‘total peace’ and ending new oil exploration, protecting the Amazon has been a priority for Colombian President Gustavo Petro since he took office last year. Colombia has a long history of needing to balance community economic needs, rainforest protection, and fighting illicit activities.