The Inter-American Development Bank (IDB), IDB Invest, and the IFRS Foundation have launched a strategic partnership to fast-track the adoption and implementation of the IFRS Sustainability Disclosure Standards across Latin America and the Caribbean. The collaboration aims to strengthen transparency, attract investment, and enhance the region’s financial resilience amid growing global ESG demands.
At the heart of the initiative is a comprehensive action plan that supports public and private sector integration through tools for knowledge sharing, policy engagement, and capacity building. These efforts are designed to help businesses and regulators align with global investor expectations by improving the quality and consistency of sustainability-related disclosures.
“The IFRS standards help issuers, investors and regulators make informed decisions and align incentives. Transparency builds trust,” said Ilan Goldfajn, President of the IDB.
Developed by the International Sustainability Standards Board (ISSB), the IFRS Sustainability Disclosure Standards have become the global benchmark for ESG reporting, helping markets understand and manage sustainability risks and opportunities. With this partnership, the region takes a significant step forward in positioning itself as a more attractive and accountable destination for sustainable investment.
