Financial Mechanisms
Blue Economy Guarantee Facility
This facility will provide a risk guarantee for loans, making it easier for coral reef-positive MSMEs to access the financing.
Land-Based Pollution
Overfishing and Destructive Fishing
Unsustainable Tourism
Wastewater
Coastal Development
The Blue Economy Guarantee aims to support coral reef-positive MSMEs. This facility will provide a risk guarantee for loans, making it easier for these businesses to access the necessary financing through a microfinance institution. Additionally, the facility will offer a comprehensive Technical Assistance (TA) package designed to equip MSMEs with the knowledge and tools they need to secure funding, expand their operations, and achieve long-term financial sustainability. The Blue Economy Guarantee Facility has not yet made any financial disbursements. UNCDF will provide a USD 1 million guarantee facility to leverage an additional USD 4 million in loans from micro-finance institutions
Region Pacific Islands
Country Papua New Guinea
GFCR Programme Gutpela Solwara, Gutpela Bisnis (Good Oceans, Good Business)
GFCR Convening Agent United Nations Development Programme
Sector Financial Mechanisms
Stage Concept/Design
Key Contact Elsie Simeon
