The Belize and Galápagos transactions worked through in detail: what debt was repurchased and at what price, where the savings came from, who bore which risks, what the conservation covenants oblige after closing, and where the fee and accountability questions sit.
The Instruments
Blended finance brings development and commercial capital into one structure. A proposed World Bank coral bond shows what that structure can change, and what it leaves alone.
The Instruments
A blue bond is a use-of-proceeds bond applied to ocean activities. The repayment promise is contractual. The blue commitments are published, reviewed and reported on, and generally work through a different kind of pressure.
