The Public Debt Management Office (PDMO) is studying the feasibility of issuing “blue bonds”, with proceeds going to support ocean and marine resources as well as the sustainable development of Thailand’s seas, which serve as a massive tourism draw.
Patricia Mongkhonvanit, director-general of PDMO, said blue bonds are part of a sustainable development effort in line with the UN’s Sustainable Development Goals (SDG). Previously PDMO issued green bonds, social bonds and sustainability bonds to achieve sustainable development goals.
A blue bond is a debt security issued to raise capital to finance the implementation of SDGs related to the ocean, the seas and marine resources as well as a transition towards a sustainable ocean economy.
An ocean economy, also known as a “blue economy”, refers to all sectors of the economy that have a direct or indirect connection to…
