Political risk insurance that enabled a $500 million debt conversion for Gabon (Cabon Blue Bond) which is expected to generate $163 million in dedicated marine conservation funding over the next 15 years. The refinancing will unlock $5 million each year over the next 15 years for conservation action and create an endowment expected to grow to approximately $88 million by 2038 to fund conservation in Gabon in the future.
It will improve Gabon’s debt profile, while simultaneously creating a dedicated funding stream in support of the country’s commitment to biodiversity protection and nature-based resilience through management of marine protected areas. Projects funded as a result of the Gabon Blue Bond will support marine protection and management, advance sustainable fisheries, strengthen climate resilience, and develop a sustainable blue economy for the local community.