IFC Supports the Launch of Ecuador’s First Biodiversity Bond

IFC Supports the Launch of Ecuador’s First Biodiversity Bond

Quito, March 9, 2026. With the aim of mobilizing private capital toward initiatives that generate jobs and deliver positive, verifiable impacts on biodiversity, conservation, and ecosystem restoration in Ecuador, the International Finance Corporation (IFC), a member of the World Bank Group, announced its support for the launch of the country’s first biodiversity bond, a pioneering issuance led by Banco Bolivariano.

The bond proceeds will be allocated to financing projects structured around five strategic pillars: productive land use and agriculture; sustainable production in freshwater and marine ecosystems; waste and plastics management; forestry activities and plantations; and tourism and ecotourism services.

Eligible initiatives must demonstrate positive and measurable environmental impacts, including reductions in water use and chemical inputs, adoption of internationally recognized sustainability certifications, habitat protection, and strengthened sustainable management of natural resources.

Marcela Ponce, Manager of Sustainable Finance Advisory and Pre‑Investment Services at IFC, stated: “From IFC, we support this pioneering initiative by Banco Bolivariano, which finances projects with positive and measurable environmental impact in Ecuador, a global benchmark for megadiversity. In addition to fostering resilient and inclusive development, the initiative offers a real business opportunity for banks: it channels capital toward sectors that generate jobs and protect nature, while attracting international investors committed to sustainability.”

Rocío Salazar, Executive Vice President of Banco Bolivariano, highlighted: “The issuance of this bond reflects our long-term commitment to the country’s sustainable development. We take on the responsibility of ensuring that the mobilized resources generate environmental and economic value, supporting clients that meet the highest environmental and social standards and encouraging other actors to move in the same direction.”

With this support, IFC reaffirms its commitment to strengthening sustainable finance markets in Ecuador by backing solutions that integrate profitability, environmental protection, and development, and that help preserve biodiversity as a strategic asset for the country’s long-term growth.

Note to Editors: With a placement of up to USD120 million and a tenor of up to five years, this instrument represents the first biodiversity bond issued in Ecuador and the largest of its kind in Latin America. The total issuance included a subscription of US$50 million from IDB Invest, US$50 million from IFC, and US$20 million from the Dutch Entrepreneurial Development Bank (FMO). The transaction is aligned with international sustainable finance standards and efforts to strengthen the responsible use of natural capital as a driver of development.

About Banco Bolivariano

Banco Bolivariano is one of Ecuador’s most important financial institutions, recognized for its solid financial position and the excellence of its team’s service. Its purpose is to drive the country’s sustainable progress with responsibility and passion.

More information: www.bolivariano.com