The Inter-American Development Bank (IDB) guaranteed four debt-for-nature conversions, for US$540 million across Barbados, the Galápagos, the Bahamas and the Ecuador Amazon, plus one adjacent climate-resilience conversion.
Right of reply
This page describes the IDB only through its published statements and the public records of the deals listed. The IDB has not yet been invited to comment. Responses and corrections will be recorded here with their date. On register pages, [MS] marks a claim that rests only on the institution’s own statement or on statements by parties to the same deal.
In the register
The register follows instruments whose terms depend on a verified ecological outcome, the broad family of the performance-based bond. The register index explains its tiers, roles and claim tags.
| Deal | Year | Family | Role | Amount | Claim |
|---|---|---|---|---|---|
| Barbados Blue Bonds conversion | 2022 | Debt-for-nature conversion | Guarantor | US$100m | [MS] |
| Galápagos Marine Bond (Ecuador) | 2023 | Debt-for-nature conversion | Guarantor | US$85m | [IC] |
| The Bahamas conservation-linked conversion | 2024 | Debt-for-nature conversion | Unsecured partial credit guarantor | US$200m | [MS] |
| Ecuador Amazon Biocorridor conversion | 2024 | Debt-for-nature conversion | Liquidity guarantor | US$155m | [MS] |
| Barbados debt-for-climate-resilience conversion | 2024 | Adjacent | Guarantor | US$150m | [MS] |
In the Galápagos deal the IDB guarantee funded the cash reserve that the US DFC political-risk insurance required [IC]. In the Bahamas, its US$200 million guarantee sat beside a Builders Vision guarantee and AXA XL credit insurance, with no DFC role [MS].
Related
- Nature Performance Bond Investor Register
- US International Development Finance Corporation
- Credit Suisse
- Standard Chartered
- Bank of America
- The Nature Conservancy
References
- The Nature Conservancy, Barbados Blue Bonds debt conversion
- Pew Bertarelli Ocean Legacy, Galápagos brief
- G-24, Sovereign Debt Swaps working paper (2026)
- The Nature Conservancy, The Bahamas nature bond case study
- Clifford Chance, advising Standard Chartered on the Bahamas (November 2024)
- The Nature Conservancy, Ecuador Amazon debt conversion
- EIB, Barbados launches first debt-for-climate-resilience operation (2024)
Provenance
Drafted on 15 October 2026 from the research brief Nature performance bond investors.md, compiled the same day from five research strands: outcome-linked and sustainability-linked bonds, environmental impact bonds, debt-for-nature conversions, insurers and reinsurers, and the largest asset managers with their regulatory context. Claim tags follow the brief, which never upgraded a claim without a source and lowered to [MS] any claim a research note had graded [IC] on the strength of a company’s own release. The headquarters country in based_in comes from general knowledge unless a deal record states it, and is to be confirmed. The brief’s search had limits: fund holdings filings, municipal bond disclosures and the Oxford INDIGO and Brookings impact bond databases were not searched, so a deal missing from this page may exist.