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Guidelines for Blue Finance | Draft for Consultations

Innovative financing solutions are key to preserving the world’s oceans and coastlines, and increasing its clean water resources. Blue Finance, an emerging area of Climate Finance, has the potential to help realize these goals. With increased interest from investors and issuers globally, Blue Finance helps address pressing challenges by contributing to economic growth, improved livelihoods, and the health of marine ecosystems. The Organisation for Economic Co-operation and Development (OECD) estimates that the ocean economy will reach $3 trillion and employ 40 million people by 2030.

Following IFC’s institutional knowledge and experience in supporting the global Green Bond market development and the key role played in the development of the Green Bond Principles, IFC has built on the Green Bond Principles, the Green Loan Principles, and related resources, including the ICMA Handbook for Impact Reporting, to provide guidance on the implementation of Blue Finance. IFC’s Blue Finance Guidance document aims to provide a list of eligible use of proceeds to support private investments aligned with the Green Bond Principles and Green Loan Principles and contributing to Goals 6 and 14 of the United Nations Sustainable Development Goals, which call for sustainable water for all and the sustainable development of marine resources. The document further identifies eligible blue project categories that would provide guidance on IFC’s investments to build the blue economy and encourage best practices that can enable the growth of Blue Finance globally.

 

Please provide your feedback by November 19, 2021

IFC is seeking feedback from external stakeholders and partners on the content of the Guidance document prior to the official launch of the publication. Stakeholders and partners are encouraged to share comments with IFC via bluefinance_enquiries@ifc.org before November 19, 2021.