According to the Bank’s website, the project involves the establishment of a blue investment vehicle (the Fund) along with T. Rowe Price Group, Inc. (TRP or the Fund Manager) as co-investor and Fund Manager, to mobilize international investor funding for investments in blue bonds issued by emerging market real sector firms, financial institutions, projects, and sub-nationals. The Fund will ensure that the mobilized resources achieve the desired impact objectives of supporting UN SDG 6 “ensure availability and sustainable management of water and sanitation” and SDG 14 “conserve and sustainably use the oceans, seas and marine resources”, while at the same time consolidating market standards for this nascent asset class. The Fund will be structured as a single-tranche closed-ended vehicle with an initial fund life of 10 years.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|T. Rowe Price Group, Inc.
T. Rowe Price Group, Inc.
Head of Investment Public Relations
100 East Pratt, Mail code: BA-0315, Baltimore, MD 21202
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