Political Risk Insurance to Support a Blue Bond for Ocean Conservation in Gabon

Marine

Insure debt swap to fund ocean conservation

Public-Private-Partnership

$163M dedicated marine conservation funding over 15 years
$88M endowment by 2038
Improved sovereign debt profile
Sustainable fisheries and blue economy development

Provided political risk insurance enabling a US$500m debt conversion (Gabon Blue Bond), unlocking around US$5m per year over 15 years and building an endowment to fund marine protected area management and a sustainable blue economy.

U.S. International Development Finance Corporation (DFC), The Nature Conservancy (TNC), the Government of Gabon, Bank of America, AXA XL, Fidelis MGU, Swiss Re, Chubb Global Markets, Sovereign Risk Insurance Ltd, Apollo, Mosaic, Vantage Risk Specialty Insurance Company

Case study referred by UNEP FI. For more information, please contact: info@naturance.eu.

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.

DFC Political Risk Insurance to Support a Blue Bond Providing $500 Million for Ocean Conservation in Gabon