Barbados Blue Bonds Case Study

The Barbados Blue Bonds for Ocean Conservation project supports the nation’s commitment to ocean protection and a marine spatial plan, unlocking $50 million to support environmental and sustainable development projects over the next 15 years.

This innovative USD$150 million Blue Bonds project, characterized by a new co-guarantee structure between the InterAmerican Development Bank and The Nature Conservancy, will enable the Government of Barbados to redirect a portion of its sovereign debt service into marine conservation funding. It supports the nation’s commitment to conserving up to 30% of its ocean following the development of a Marine Spatial Plan and unlocks USD 50 million to support environmental and sustainable development projects over the next 15 years.

Please see this link for the Barbados Blue Bonds for Ocean Conservation Case Study, detailing TNC’s third global debt conversion for ocean conservation.