Pipeline ID: INDIGO-PL-0132
"This project seeks to secure design funding for Cohort 2 funding for the world's first SSF impact bond for the establishment and operation of at least 10 new Managed Access with Reserves (MA+Rs), a fisheries management system which balances sustainable use and protection, in Indonesia and the Philippines.
In support of the UN's 30x30 targets, the bond revenue will be used to establish MA+Rs within Marine Protected Areas (MPAs) or as Other Effective Conservation Measures (OECMs). This results will strengthening the target geographies' resilience to climate change and mitigation capacity, while enhancing their ability to promote inclusive and sustainable economic growth, directly contributing to SDGs 13 and 8.
This second cohort of the bond aims to convert Cohort 1's proof-of-concept structure to a scalable model of a Social Impact Bond for Cohort 2 and beyond. The launch of Cohort 1 is targeted for Q1 2024.
The vision of Cohort 2 covers:
- Target investment US$25-50 million
- Outcome funders include governments
- Impact areas include MA+R coverage; Fish biomass stabilization; Benthic coverage (including coral reefs); Microbusiness formalization
- Measurable formalization successes from the innovation piece of Cohort 1 may be included in Cohort Two as premium payments, i.e. microbusiness formalization"
Data for this pipeline project was last updated in March 2024
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