One of the largest Swedish banks supports World Bank eco initiative

The World Bank bonds support sustainable ocean and marine resources usage

Sustainable development

One of the largest Swedish banks supported World Bank eco initiative .Source: shutterstock.com

The World Bank launched a 7-year Sustainable Development Bond with the SEK 2 billion (approximately $207 million) investment, raising awareness for water and ocean resources.

The World Bank is a funder for ocean and water projects in developing countries. The collaboration aims to ensure access to safe and clean water and for the sustainable use of ocean and marine resources. It tends to support the projects aiming to protect and preserve fresh and saltwater resources and address marine pollution. Among the major achievements, there are fishing and aquaculture innovation in Peru, sustainable fisheries and marine resources conservation in Seychelles, and waste management improvements in Indonesia.

This transaction has provided a valuable opportunity to engage with investors on how the World Bank is working with member countries to tackle a range of pressing development challenges around water. This includes providing continued access to safe drinking water and addressing degradation of coastal areas and threats to fisheries and oceans that impact societies and our planet. We’re grateful to the investors for their interest in investing for purpose and to Swedbank for the collaboration
Heike Reichelt, Head of Investor Relations and New Products, World Bank Treasury

Environmental problems are as serious as never, so the joint projects intend to raise awareness for sustainable use of water and oceans.

Länsförsäkringar AB and Swedbank Robur were among the key institutional investors to participate in the bond transaction.

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