IFC Supports the Launch of Ecuador's First Biodiversity Bond
Ecuador, March 10 -- With the aim of mobilizing private capital toward initiatives that generate jobs and deliver positive, verifiable impacts on biodiversity, conservation, and ecosystem restoration in Ecuador, the International Finance Corporation (IFC), a member of the World Bank Group, announced its support for the launch of the country's first biodiversity bond, a pioneering issuance led by Banco Bolivariano.The bond proceeds will be allocated to financing projects structured around five strategic pillars: productive land use and agriculture; sustainable production in freshwater and marine ecosystems; waste and plastics management; forestry activities and plantations; and tourism and ecotourism services.Eligible initiatives must demons...
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