ADB Launches $5 Billion Healthy Oceans Action Plan
- The Asian Development Bank (ADB) has launched the ‘Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region’.
- The initiative was launched at the 52nd Annual Meeting of ADB’s Board of Governors in Fiji.
- The $5 billion action plan will run between 2019–2024
- The basic objective of the plan is investing in sustainable marine economies for poverty alleviation in Asia and the Pacific.
- The Action Plan for Healthy Oceans and Sustainable Blue Economies will focus on four areas:
- Creating inclusive livelihoods and business opportunities in sustainable tourism and fisheries;
- Protecting and restoring coastal and marine ecosystems and key rivers;
- Reducing land-based sources of marine pollution, including plastics, wastewater, and agricultural runoff;
- Improving sustainability in port and coastal infrastructure development.