Oceans Financing Initiative
An initiative of the Asian Development Bank (ADB) that supports developing member countries to catalyse financing for projects that will help protect and restore marine ecosystems and promote sustainable blue economies. The initiative will leverage public sector funds to create investment opportunities that are able to attract financing from a range of sources, including the private sector.
Technical assistance and funds from ADB and donors, along with innovative financing instruments such as revenue guarantees and credit-enhanced blue bonds, will be used to reduce project risks and make them “bankable”. ADB will work with development and financing partners from around the world to accelerate the investment needed to meet the Sustainable Development Goals, including SDG 14: Life Below Water.