Luxembourg, June 9 -- Luxembourg is joining forces with the European Investment Bank's development arm (EIB Global) to pledge €5 million through the Luxembourg-EIB Climate Finance Platform (LCFP) to help Small Island Development States (SIDS) tackle climate change. The Government of Luxembourg is making the commitment to a new fund dedicated to the sustainable use of ocean resources - an area of activity known as the "blue economy" - and EIB Global is managing the contribution to ensure its optimal use.Luxembourg's pledge will take the form of junior equity in the Outrigger Impact Fund I, which has a target size of $100 million and will be run by UK-based fund manager Outrigger Impact. The fund will operate in Small Island Development...