The World’s First Small-Scale Fisheries Impact Bond

During COP28 Rare announced a first-of-its-kind small-scale fisheries (SSF) Impact Bond. The Impact Bond will channel public, private, and philanthropic capital toward the revitalization of coastal communities and ecosystems through financing the community-led co-management of small-scale fisheries. Rare and Ocean Risk and Resilience Action Alliance (ORRAA) is hosting this by-invitation-only webinar to share additional details on the structure and invite participants to join our journey as an outcome funder.About the Impact bond: https://rare.org/press_release/rare-unveils-worlds-first-impact-bond-for-small-scale-fisheries/

This is the world’s first such bond specifically targeting the small-scale fisheries sector. Rare initially shared details of the SSF Bond during an event at COP28 focused on financing ocean climate action. The SSF Impact Bond will finance the community-led co-management of small-scale fisheries, a proven pathway to meeting the needs of people and nature. The initial investment will fund the Bond’s pilot: the establishment of five new community-based conservation management systems in Southeast Sulawesi, Indonesia called “Managed Access with Reserves (MA+R).” About the Forum: Rare and Ocean Risk and Resilience Action Alliance (ORRAA) is hosting this by-invitation-only webinar to share additional details on the structure of the Small-Scale Fisheries Impact Bond and invite participants to join as an outcome funder.