German development bank invests €25 million in Sustainable Ocean Fund

The German development bank, Kreditanstalt für Wiederaufbau (KfW), holds €25 million (US$28 million) of fiduciary holdings in the Sustainable Ocean Fund on behalf of the German federal ministry for Economic Development and Cooperation. This anchor investment will enable increased mobilization of co-investments of up to US$150 million.

KfW seeks to improve global food security, decrease oceanic plastic volume, and fortify coastline protections through private small- and medium-sized companies by investing in sustainable fishing practices, circular economies, and protections for biodiversity.

Press release - KfW (in German)