9
The Development Bank of Latin America and the Caribbean has announced a significant increase in its commitment to the region’s blue economy, pledging to invest \$2.5 billion by 2030 to support the sustainability of marine and coastal ecosystems. The announcement was made during the Blue Economy and Finance Forum in Monaco.
This new target doubles the bank’s earlier goal of \$1.25 billion set for 2022 to 2026, with \$1.32 billion already committed. The investments support projects such as marine sanitation in Ecuador, Brazil, and El Salvador, along with energy transition initiatives in Ecuador’s shrimp farming sector.
Swifteradio.com
