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Investment in the Althelia Sustainable Ocean Fund
The Sustainable Ocean Fund (SOF) will take an asset management approach to natural capital that addresses the increasing risks associated with a business-as-usual approach as demonstrated by declining marine biodiversity, degraded ecosystem services and marine-based economic productivity. Value will be generated through a portfolio of investments that deliver long-term economic, environmental and social returns. The Fund will select mature and semi-mature projects (where significant feasibility work is underway or has already been completed, relevant licensing and concession work is underway and local stakeholders are actively involved in project design) and look to provide financing and project management capability to leverage and accelerate investment readiness and implementation.

Project Detail

Country

Regional

Project Number

RG-Q0042

Approval Date

September 13, 2017

Project Status

Implementation

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 4,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-16336-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-16336-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1688656954-5
TC Document
RG-Q0042 - Project Summary.pdf
Oct. 10, 2018
English

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