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