Financing for the Blue Economy

Goldman Sachs acted as sole global coordinator and joint bookrunner for a $385 million debt offering

Goldman Sachs acted as sole global coordinator and joint bookrunner for the Commonwealth of the Bahamas’ US$385 million dual-tranche debt offering partially guaranteed by the Inter-American Development Bank (IDB). IDB’s $200 million policy-based guarantee includes reforms and actions to foster business recovery for micro-, small- and medium-sized enterprises in the “blue economy” (i.e., sustainable use of oceanic resources) and prospecting investment projects suitable for blue bond financing. It also includes reforms to promote digitalization in the blue economy, strengthen resilience through improved climate risk management in coastal and offshore areas, promote better management of marine resources, and reduce marine pollution.