Shuathara (Jakarta) – The National Development Planning Ministry in Indonesia has released guidelines for the development of blue finance instruments in collaboration with other ministries and stakeholders. The guidelines aim to support national economic growth and achieve sustainable development goals related to climate action and life below water.National Development Planning Minister, Suharso Monoarfa, explained that future funding challenges require supporting policies. Therefore, the ministry is working to strengthen the development of the blue economy by preparing a solid foundation for the planning and implementation of blue economy policies. This includes the development of innovative funding instruments to cover sustainable marine development, as previous funding instruments did not address this sector.The government has previously issued green sukuk bonds and SDG bonds as funding mechanisms for strategic projects in Indonesia, but the sustainable marine development sector has been overlooked. The success of these previous bonds has demonstrated Indonesia’s ability to manage environmental issues and develop sustainable funding mechanisms. The hope is that the new blue finance instrument will help fill the funding gap in the marine and fisheries sector and achieve development targets of the SDGs and the blue economy.The Guideline on Blue Finance Instrument Development is expected to help the government and the private sector establish quality funding instruments to finance sustainable blue economy activities.