Blue Bond
- The Republic of Seychelles on October 29, 2018 launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects.
- The bond raised USD 15 million from international investors. The bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources.
- The World Bank assisted in developing the Blue Bond and helped the country in reaching out to the three investors.
- Blue Bond is a part of an initiative that combines public and private investment to mobilise resources for empowering local communities and businesses.
- Proceeds from the bond will be ....
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