Brazil achieves the fourth-best score in the IIF Annual Assessment

In July this year, the Institute of International Finance (IIF) published its 2024 Investor Relations and Debt Transparency Report, in which Brazil received the fourth-best score among the 50 emerging market countries assessed. The IIF pointed out that the Investor Relations Office (GERIN) of the National Treasury of Brazil Debt Management Office (DMO), met 94% of the best transparency practices and 70% of all evaluation criteria.

Since 2005, the IIF has published investor relations scores for emerging markets based on a set of best practices. Brazil has participated in this assessment since its inception, and in recent years has been among the top-ranked countries in the overall index (country score). Since 2022, the IIF has included a specific ESG (Environmental, Social, and Governance) data and policy dissemination score. In the 2024 assessment (referring to 2023), Brazil increased its performance in this criterion by 30%.

This result reflects the country's growing commitment to monitoring and implementing sustainable policies, reflected in the publication of the framework for thematic sovereign issuances in September 2023 and in the inaugural sovereign sustainable bonds’ issuance in November 2023, actions under the Sustainable Finance track of the Ecological Transformation Plan. In 2024, Brazil issued its second sustainable sovereign bond and will publish its first allocation and impact report, which should strengthen the progress of the sustainability agenda and contribute to achieving results increasingly aligned with international best practices.

The performance of the National Treasury demonstrates the institution's continuous and growing commitment to improving and ensuring transparency, aligning with best communication practices, and promoting the sustainability agenda.