The Panamanian Financial Sector considers sustainable finance as an approach that allows for a positive impact among society, the environment and profitability. Sustainable finance has the potential to promote the achievement of global and national targets for sustainable development goals and a low-carbon economy. To support this vision, the Panama Sustainable Finance Work Group (GTFS for its acronym in Spanish) was established September 25th, 2018, with the participation of representatives across all segments of the financial sector and the collaboration of the Panamanian Government. This is the first sustainable finance group in the region with such an inclusive composition.

The initiative has the support of partners such as the UN Environment Programme Finance Initiative (UNEP-FI), the Central American Bank for Economic Integration (CABEI), the Inter-American Development Bank (IADB), and the Development Bank of Latin America (CAF). The purpose of the GTFS is to transform Panama into a center of excellence for sustainable finance. As well as providing public and market leadership on sustainable finance and lobbying for voluntary and public proposals that can boost national and global sustainable finance.