
This initiative falls under the UN Joint SDG Fund, which aims to mobilise public and private financing to advance the United Nations Sustainable Development Goals (UN SDGs). As the lead implementing agency of the project, UNDP, in collaboration with other UN agencies:
- Established the first Blue Exchange in Cabo Verde for blue bonds and funds, as well as other blue-labelled instruments.
- Developed a high-quality platform within Bolsa de Valores de Cabo Verde (BVC) to showcase these blue instruments.
- Support local companies active in the blue economy, which meet certain certification criteria.


Less than two years after initiating their cooperation, in November 2023, LuxSE and BVC celebrated another milestone made possible by their joint efforts to advance sustainable finance developments within and beyond Cabo Verde. After organising educational programmes and technical assistance by LuxSE in Praia, which contributed to the establishment of the Blu-X platform by BVC, the two exchanges are now cooperating to bring sustainable bonds from Cabo Verde to international investors via LuxSE.
The first listing resulting from this cooperation was a pioneering green bond issued by the International Investment Bank (iib). The proceeds of the bond will help finance sustainable ocean-based projects and provide affordable loans to individuals and small businesses active in the sustainable maritime and fisheries sectors in the island state.
