ADB Action Plan for Healthy Oceans and Sustainable Blue Economies meant to mobilize US$5b


The Asian Development Bank (ADB) launched the Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region, which is expected to expand financing and technical assistance for ocean health and marine economy projects to $5 billion from 2019 to 2024, including co-financing from partners.
It will focus on four areas:
a) creating inclusive livelihoods and business opportunities in sustainable tourism and fisheries;
b) protecting and restoring coastal and marine ecosystems and key rivers;
c) reducing land-based sources of marine pollution, including plastics, wastewater, and agricultural runoff; and,
d) improving sustainability in port and coastal infrastructure development.

Asia and the Pacific is at the epicenter of a major crisis in marine plastic pollution, threatening the productivity of the region’s marine economies, which are crucial to poverty reduction. For example, among the 10 rivers transporting 88% to 95% of plastics into the sea worldwide, 8 are in the region.


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