Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Factbox-Finance deals announced during UN Ocean Conference

Published by Global Banking and Finance Review

Posted on June 16, 2025

Featured image for article about Headlines

LONDON (Reuters) -The third U.N. Ocean Conference in France last week yielded a number of financial deals and money pledges to help protect the seas, although the gap between funding and the estimated annual need of $175 billion remains large.

Below are a selection of the initiatives announced during the week:

EIB, ADB

A group of development banks including the European Investment Bank and Asian Development Bank said they planned to invest 3 billion euros ($3.5 billion) by the end of the decade to help prevent plastic pollution reaching the sea.

CAF

The Development Bank of Latin America and the Caribbean (CAF) said it will invest $2.5 billion between 2025 and 2030 in investments aimed at protecting the oceans and supporting sustainable marine economic activities.

GUINEA

French development bank AFD and the World Bank helped mobilise 119 million euros in Guinea to improve the living conditions of coastal and rural communities in the face of climate change.

NORTH AFRICA

The AFD provided an additional 2 million euros to extend work on preserving Mediterranean coastal ecosystems in North Africa until 2029.

COSTA RICA

A total of 1.8 million euros were allocated to help strengthen Marine Protected Areas in the Mediterranean and Costa Rica.

SWEN CAPITAL PARTNERS

Investment firm Swen Capital Partners said it had raised 160 million euros for its SWEN Blue Ocean 2 fund and said it was targeting 300 million euros for the world's largest ocean impact fund focused on start-ups looking to support ocean biodiversity.

($1 = 0.8638 euros)

(Reporting by Simon Jessop; Editing by Emelia Sithole-Matarise)