The Asian Development Bank has launched a $5 billion Healthy Oceans Action Plan for the Asia and Pacific region at the 52nd ADB Annual Meeting that is being held in Denarau.
Asian Development Bank President, Takehiko Nakao says this action plan will focus on creating inclusive livelihoods and business opportunities in sustainable tourism; protecting and restoring coastal, marine ecosystems and key rivers; reducing land‑based sources of marine pollution and improving sustainability in port and coastal infrastructure development.
Nakao says ADB is committed to achieving a prosperous, inclusive, resilient and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.
He says the Action Plan will expand financing and technical assistance for ocean health and marine economy projects to $5 billion from 2019 to 2024 including co-financing from partners.
ADVERTISEMENT
