With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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ContextFor billions around the world—especially the world’s poorest—healthy oceans mean jobs, food and protection. FAO estimates that fisheries and aquaculture assure the livelihoods of 10-12 percent of... Show More + the world’s population with more than 90 percent of those employed by capture fisheries working in small-scale operations in developing countries. Oceans are equally important for food security and jobs. In 2012, fisheries produced roughly 160 million tons of fish and generated over US$129 billion in exports while securing access to nutrition for billions of people and accounting for 16 percent of total global animal protein. Coastal areas within 100 kilometers of the ocean account for an estimated 61 percent of the world’s total Gross National Product (GNP) and are of particular importance for developing countries; in 54 coastal and island countries up to two thirds of total national territory is ocean. Overall, healthy oceans, coasts and freshwater ecosystems are crucial for economic Show Less -
Bank Group ContributionOver the past decade, the Bank (IBRD/IDA) committed funding for US$33 billion, from which IDA’s contribution was US$7.7 billion (23 percent) to support investment in environment... Show More + and natural resource management (ENRM). By far, climate change has been the fastest growing ENRM area where the Bank is supporting client countries. Other areas that have significantly expanded in the last five years are environmental policy and institutions, and water resource management. As for the types of funding provided over the decade, development policy lending accounted for 30 percent and investment lending 70 percent of the Bank’s ENRM portfolio. The trend is in favor of development policy lending that increased to 33% of the ENRM portfolio in the last five years (FY09-13).In addition to funding ENRM projects directly, IDA has leveraged additional funds through the Global Environment Facility (GEF) and other agencies and organizations. Specifically, the GEF provides grants to ID Show Less -
Bank Group ContributionThe World Bank and Bank-managed trust funds are increasingly supporting initiatives to rebuild the ocean’s natural capital. Many of the Bank’s investments in the oceans over the... Show More + last five years promote the sustainable governance of marine fisheries, the establishment of coastal and marine protected areas, and integrated coastal resource management. The World Bank’s active ‘blue growth’ portfolio comprises activities worth US$6.4 billion. This amount includes fisheries management, habitat conservation including integrated coastal zone management, pollution reduction and water resource management.Partners The Bank has been working with dozens of partners to increase investment in healthy oceans. In support of this, the Bank has participated in many numbers of ocean events for both technical and political purposes, raising both the profile and reach of our work, while also contributing to broader ocean community engagement. In addition to bilateral partnerships Show Less -
February 24, 2012 - The World Bank issued an SOS Friday on the state of the world's oceans and announced the formation of a powerful coalition to confront the ocean's growing number of overexploited fisheries,... Show More + more than 400 "dead zones" where most marine life cannot survive, and the loss of important ecosystems to coastal development.In a speech – "A New S-O-S: Save Our Seas"-- at the World Oceans Summit in Singapore, World Bank President Robert Zoellick said the new Global Partnership for Oceans would tap the experience and knowledge of multiple organizations, and leverage financing, projects, and programs in developing countries to better manage the ocean and its resources."The world's oceans are in danger, and the enormity of the challenge is bigger than one country or organization," said Robert Zoellick, president of the World Bank Group, one of the new coalition's partners."We need coordinated global action to restore our oceans to he Show Less -