The World Bank bonds support sustainable ocean and marine resources usage
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.
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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