WWF Annual Review 2019 - 43

TOGETHER POSSIBLE

PIONEERING PARTNERSHIP TO
MANAGE €160 MILLION FUND

US$5 BILLION OCEAN
ACTION PLAN

WWF and partners have won a

We're working with the Asian

tender to manage a €160 million

Development Bank (ADB) on one of

Dutch government fund, which

the biggest ocean health initiatives

enables private sector investment

ever. Over the next five years,

in bankable projects aimed at

the bank will invest US$5 billion

climate adaptation and mitigation

into ocean projects in Asia and

in developing countries (see

the Pacific - including protecting

page 27). It's a revolutionary

and restoring vital ecosystems

move for a conservation NGO

like coral reefs and mangroves,

(WWF-Netherlands), a development

supporting sustainable livelihoods

finance institution (FMO), a social

in fishing and tourism, climate

development NGO (SNV) and a

change adaptation, and tackling

private sector investment manager

plastics and other pollution. We'll

(Climate Fund Managers) to work

also be supporting the ADB to

together on such a large-scale

unlock large-scale finance from

fund - connecting the project

the private sector to develop the

development expertise of WWF

region's 'blue economy' in

and SNV to the investment

a sustainable way.

expertise of FMO and Climate

THE PUBLIC SECTOR]
CAN CATALYZE ACTION FOR NATURE ON A SCALE THAT MATTERS.

WWF-INT Annual Review 2019 page 43

© Sebastian Castañeda / WWF-Peru

Fund Managers.


http://wwf.panda.org/wwf_news/press_releases//?346511/WWF-welcomes-ADBs-Action-Plan-for-Healthy-Oceans-and-Sustainable-Blue-Economies-for-Asia-Pacific

WWF Annual Review 2019

Table of Contents for the Digital Edition of WWF Annual Review 2019

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