The Republic of Seychelles launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects.
The bond raised USD 15 million from international investors. The bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources.
Source- The Tribune
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- Seychelles Capital: Victoria, Currency: Seychellois rupee.