Francesco Ungaro, Unsplash
Indonesia Coral Bond – An Innovative Ocean Financing Instrument
World Bank Group
Thanks to funding support from the PROBLUE and Indonesia Oceans, Marine Debris and Coastal Resources Multi-Donor Trust Funds, the World Bank, the Government of Indonesia, the Global Environment Facility, the International Union for Conservation of Nature, and BNP Paribas are joining forces to develop the world’s first impact bond for coral reef conservation. The proposed Indonesia Coral Bond is designed to deliver independently verified conservation and biodiversity outcomes in some of the most biodiverse coral reef ecosystems on the planet. The proposed bond leverages an existing US$210 million World Bank operation (the Oceans for Prosperity Project) supporting the Government of Indonesia to increase management effectiveness in marine protected areas.
Access the full report here.
← Older Post Newer Post →