Peru has issued an annual average of S/18.021 billion (US$5.349 billion) in sustainable bonds, boosting projects in water and sanitation, social housing, education, rural electrification, and health services.
The
Ministry of Economy and Finance (MEF) reported that, in line with the National Competitiveness and Productivity Plan—which promotes eco-efficiency and the financing of green investments through sustainable financial instruments—Peru has recorded an annual average of S/18.021 billion (US$5.349 billion) in sovereign sustainable bond issuances.
This performance establishes the country as a regional benchmark in sustainable finance and reaffirms the Peruvian State's commitment to responsible fiscal management focused on projects with social and environmental impact.
"These instruments drive projects that protect the environment and expand access to essential services. Each issuance supports concrete solutions such as drinking water, sanitation, climate risk prevention, health, and social housing, strengthening citizens' well-being and the country's sustainability," she stated.
The MEF specified that 2024 was the year with the highest issuance volume, reaching S/19.761 billion (US$5.866 billion) in sovereign sustainable bonds, surpassing the amounts recorded in 2023 (S/16.658 billion = US$4.944 billion) and 2021 (equivalent to S/17.645 billion = US$5.237 billion), both in local and international markets.
So far in 2025, S/4.702 billion (US$1.396 billion) has already been issued in the local market, confirming the continuation of the sustainable financing strategy.
All these operations were carried out under market conditions and within the framework of the Peruvian State's Comprehensive Asset and Liability Management Strategy.
According to the MEF's Allocation and Impact Report, investments linked to these bonds have benefited millions of people nationwide through projects that expand water and sanitation systems; improve health services; extend rural electrification; strengthen educational infrastructure; and develop social housing programs for vulnerable families.
"These results demonstrate that thematic bonds not only mobilize financing but also foster public policies with significant social and environmental impact," she noted.
Likewise, Minister Denisse Miralles underscored that sustainable bonds strengthen Peru's financing strategy.
"Thematic bonds expand our investor base, diversify financing sources, and allow for managing public debt under better cost and risk conditions. They are modern instruments that position Peru as a reliable issuer in international markets," she pointed out.
Moreover, the Cabinet member reported that the MEF is finalizing this year the update of the Sustainable Bond Framework, a document that defines eligible spending categories and applicable international standards.
Its publication is scheduled for 2026 and will allow for the incorporation of new green and social categories, provide greater flexibility in structuring future issuances, align the framework with global standards, and attract more specialized investors.
With these actions, Peru continues to consolidate its position as a regional leader in sustainable bond issuance. It also moves toward a public financing model that promotes environmental protection, social inclusion, as well as a more modern and resilient economy.