Which country has launched the world’s first Sovereign Blue Bond?
A. United Kingdom
B. Mauritius
C. Japan
D. Seychelles
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Which country has launched the world’s first Sovereign Blue Bond?
[A] United Kingdom
[B] Mauritius
[C] Japan
[D] Seychelles
Correct Answer: D [Seychelles ]
Notes:
The Republic of Seychelles has launched the world’s first sovereign blue bond – a financial instrument designed to support sustainable marine and fisheries projects. The bond developed with the assistance of the World Bank & was placed to 3 investors: Calvert Impact Capital, Nuveen and Prudential. The blue bond has a US$5m guarantee from the World Bank, and is also supported by a US$5m concessional loan from the Global Environment Facility (GEF) which will partially cover interest payments.The blue bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. It will include support for the expansion of marine protected areas, improved governance of priority fisheries and the development of the Seychelles’ blue economy.
PLZ MRK ME BRAINLIEST........
PLZ
[A] United Kingdom
[B] Mauritius
[C] Japan
[D] Seychelles
Correct Answer: D [Seychelles ]
Notes:
The Republic of Seychelles has launched the world’s first sovereign blue bond – a financial instrument designed to support sustainable marine and fisheries projects. The bond developed with the assistance of the World Bank & was placed to 3 investors: Calvert Impact Capital, Nuveen and Prudential. The blue bond has a US$5m guarantee from the World Bank, and is also supported by a US$5m concessional loan from the Global Environment Facility (GEF) which will partially cover interest payments.The blue bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. It will include support for the expansion of marine protected areas, improved governance of priority fisheries and the development of the Seychelles’ blue economy.
PLZ MRK ME BRAINLIEST........
PLZ
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