The study was commissioned by UNEP FI and GO4SDGS, in close cooperation with IDB and IDB Invest, and with co-funding from Germany (BMUV) and the European Commission.

The research and technical review were carried out by Instituto Escolhas and Exchange 4 Change Brasil, contemplating seven countries in Latin America and the Caribbean (LAC): Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Mexico, and Peru. Discussions were held with key government officials and stakeholders, including financial institutions and financial industry regulators, which helped gain perspective on issues affecting the political and investment environment necessary to foster circular finance in the region.

An interest group was formed to provide critical feedback on the report, and concurrently helped establish the foundations for a circular economy stakeholder network in LAC. The report aims to present an overview of existing circular economy practices in the region and provide recommendations to financial institutions, regulators, and policymakers on how to advance towards circular economy implementation.