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From concept to practice: Financing sustainable blue economy in lesson by Dominique Benzaken, Jean Paul Adam et al

Despite an international enthusiasm for private capital to meet the financing gap in sustainable development, private sector finance for sustainable development and blue economy is still a very small percentage of global investment. Repurposed bonds and debt for nature swaps have gaining support with policy makers, international organizations, and investors keen to align their investment with global goals and borrowing countries with large ocean domains seeking new sources of finance. The paper explores how those trends have generated new financing opportunities for Small Islands Developing States, a group internationally recognized vulnerable countries, using Seychelles experience in blue economy development and financing through a blue bond and a debt swap. Based on interviews of local and international actors selected for their engagement in Seychelles blue economy finance, the research showed both global and local drivers and challenges to successfully attracting and delivering on

What is the blue economy?

What is the blue economy?
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The EIB and WWF discuss with partners how to advance financing for the sustainable blue economy in the margins of the World Bank Group/IMF Spring Meetings

The EIB and WWF discuss with partners how to advance financing for the sustainable blue economy in the margins of the World Bank Group/IMF Spring Meetings Dettagli The European Investment Bank and WWF hosted a conference in the margins of the 2021 virtual Spring Meetings of the World Bank Group and the International Monetary Fund to discuss how to enhance financing for the EIB Vice-President Ricardo Mourinho Félix kicked off the event, moderated by EIB Director Werner Schmidt, by reminding the importance of oceans for climate action and stressed the challenges threatening them. To ensure that ocean-related investments are sustainable, multilateral action and individual efforts are essential, he said.

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