Swiss finance giant credit Suisse has partnered with The World Bank to issue a $28.6m (£22.2m) bond aimed at financing the protection and restoration of fresh and saltwater resources and habitats.
The World Bank is planning to raise at least $3bn (£2.3bn) through ‘blue bonds’. Stock image.
All bonds issued by the World Bank are designed to support projects that deliver progress against one or more of the UN’s Sustainable Development Goals (SDGs).
The new bond, which has a five-year maturity period, purports to touch on the majority of the 17 SDGs. Projects due to benefit from its financing include those working to establish coastal and marine protected areas; those which improve waste management in ways which reduce pollution in waterways and