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Latin America’s development bank CAF doubles investment target for marine ecosystems
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Latin America’s development bank CAF doubles investment target for marine ecosystems
By Marcela Ayres (Reuters) -The Development Bank of Latin America and the Caribbean said on Saturday it will invest $2.5 billion in the region’s so-called blue economy by 2030 to ensure the sustainability of marine and coastal ecosystems. The new goal, announced on the sidelines of the Blue Economy and Finance Forum in Monaco, doubles the bank’s previous target of investing $1.25 billion between 2022 and 2026. The bank has already committed $1.3…
In order to preserve oceans, encourage responsible tourism, promote artisanal fishing, among other purposes, the Development Bank of Latin America and the Caribbean (CAF) will invest $2.5 billion to boost the sustainable blue economy.
Development banks to invest 3 billion euros in ocean plastics fight
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The CAF Development Bank for Latin America and the Caribbean has announced that it will invest $2.5 billion (€2.188 million) by 2030 to boost the blue economy and local communities in Latin America and the Caribbean. It has done so at the Blue Economy and Finance Forum (BEFF) in Monaco, one of the events held around the third United Nations Ocean Conference (UNOC3) that France will host alongside Costa Rica in Nice from 9 to 13 June.
Latin American Bank Increases Funding for Ocean Conservation - Voice of Nigeria Broadcasting Service
The Development Bank of Latin America and the Caribbean (CAF) has announced that it will double its investments in protecting the oceans and supporting sustainable marine economic activities to $2.5 billion. The bank has already exceeded its existing oceans funding commitment of $1.25 billion over 2022-2026, with investments including strengthening marine protected areas and supporting small-scale fisheries. The extra $2.5 billion, which will be…
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