Source: caribbeannewsglobal.com, News Editor, First Published July 25th, 2025 IDB Invest, the sustainable finance advisory council of Guatemala, and CentraRSE have launched a pioneering tool called the Social Finance Taxonomy to help the financial sector identify and promote investments with a positive social impact.This marks a milestone for Guatemala in Latin America and the Caribbean. This tool will facilitate identifying projects that strengthen the competitiveness and productivity of micro, small, and medium-sized enterprises (MSMEs). It will also help channel resources to GUATEMALA LAUNCHES THE FIRST SOCIAL FINANCE TAXONOMY IN LATIN AMERICA improve vulnerable populations’ access to financing. Additionally, it will attract impact capital to the country through financial instruments such as thematic bonds. Taxonomies play an essential role in boosting the capital market and financial and business activity, where MSMEs are key. The launch of this taxonomy is part of the renewal of the Sustainable Finance Protocol, led by IDB Invest and CentraRSE, signed within the framework of the XVIII Ibero-American Sustainability Forum in Guatemala. The social finance taxonomy represents a classification system that enables the identification 11 BUSINESS VIEW CARIBBEAN VOLUME 12, ISSUE 07 OPENING LINES
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