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La Mesa de Finanzas Sostenibles

Subsidy : November 2024

BIO has granted USD 12,000 to Mesa de Finanzas Sostenibles to support climate finance capacities within the Paraguayan financial sector

Amount

$ 12,322.00

Type of investment

Subsidy

Beneficiary locations

Latin America and Caribbean: Paraguay

Investment field

Financial Institutions

Activity

K66 Activities auxiliary to financial services and insurance activities

Organisation

La Mesa de Finanzas Sostenibles

Domicile

Paraguay

MFS is a non-profit association created to promote the commitment and socio-environmental responsibility of the Paraguayan financial sector; through the coordination of efforts between different national and international actors and/or the implementation of projects and initiatives that contribute to the development of a more sustainable economy.

Currently, MFS has 17 member entities (12 private banking entities, 3 non-banking financial entities, a public bank and the second-tier entity).

MFS maintains a permanent dialogue with BIO on the challenges in capacity building in the new topics that form the trend of financial markets, including the development of taxonomies, the incorporation of climate risks, and the decarbonization of portfolios.

Technical assistance

BIO will provide technical assistance to MFS, contributing to a climate training initiative for banking professionals.

Expected impact

The participants in the workshop will deepen their technical knowledge on the opportunities of climate financing and the risks linked to climate change faced by financial institutions.

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