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€22 Million Awarded in CSMA Bonds to Drive Sustainable Tourism

icbec
date04. November 2025.

OACM President H.E. Kristijan Curavic, during the Global Tourism Forum in Brussels, Belgium, on October 20-21st, 2026, approved and donated €22 million in CSMA Bonds. This funding is intended to support countries around the world in developing environmentally sustainable tourism—a fundamental aspect of the tourism sector's future.

The CSMA Bond can only be used to finance the necessary operational activities and human resources required to create Certified SAFE Marine Areas (CSMA). A CSMA consists of cleaned, annually maintained, plastic-free ocean, lake, and river areas beneath and above the water surface most frequented by tourists.

The CSMA Bond is approved by the OACM Financial Department for the Environmental Resilience and Solidarity Fund. It represents a new, innovative, and modern monetary concept that merges the economy and environmental preservation under the same terms.

We hope that we can now impact local communities and national economies, with the significant result of preserving biodiversity, not through cosmetic measures, but through the direct and concrete impact the CSMA ensures: physically removing the plastic and marine debris in our oceans, lakes, and rivers. This is the only existing environmental monetary bond that truly impacts the planet.

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