Consider the following statements about Sovereign Blue Bond 1 It is launched recently by the Global ...........

Economic Affairs Financial Markets

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Consider the following statements about Sovereign Blue Bond:

1.It is launched recently by the Global Environment Facility.

2.It is an initiative to mobilize resources for empowering local communities.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

2 only

It is launched recently by the Global Environment Facility. (Incorrect)

The Sovereign Blue Bond was not launched by the Global Environment Facility. Instead, it was launched by the Seychelles government in collaboration with international partners, including the World Bank and the Global Environment Facility.

It is an initiative to mobilize resources for empowering local communities. (Correct)

The Sovereign Blue Bond aims to mobilize funds for marine conservation and sustainable fisheries management, with a focus on supporting local communities.

Therefore, the correct statement is 2 only.