The World Bank Board of Executive Directors today approved the following project:
IDA Grant: $37 million
Parley for the Oceans Parallel Financing: $13 million
Project ID: P171269
Project Description: In a partnership between the World Bank, Parley for the Oceans, and the South Asia Cooperative Environment Programme (SACEP), the Plastic Free Rivers and Seas for South Asia project will strengthen innovation and coordination of circular economy solutions to plastic pollution through supporting competitive block grant investments, leveraging the public and private sector, and strengthening regional integration institutions.