Launched at COP27, the World Bank, with support from PROBLUE, announced a new Blue Economy program that will catalyze financing and provide an operational response to development challenges in coastal-marine areas of the African continent.
In fiscal 2022,
PROBLUE approved 38 proposals amounting to more than $32 million, increasing its overall
portfolio of technical activities to $94.14 million in support of 143 activities in 80 economies.
In close collaboration with international institutions, development partners, and client countries, the World Bank is leading the effort to develop and operationalize the concept of the blue economy by focusing on the integration and sustainability of different oceanic sectors.
This guidance note examines the most productive ways to integrate MSP into World Bank projects and operations, and helps client countries invest in MSP.
Oceans are essential to life on earth and provide many biodiversity and ecosystem services to support it. Learn how marine spatial planning can help sustain these services.
A blue public expenditure review can be a valuable tool for countries on their journey to a blue economy, to help drive blue sectors toward better environmental practices and management and support long-term, healthy development agendas.
A new World Bank report, supported by the Korean Green Growth Trust Fund and PROBLUE, offers recommendations on how to better control solid waste and plastic pollution and is being used by the government as a key input for the National Plastic Action Plan.
Sustainable management of plastic will be crucial for Bangladesh to tackle the increasing plastic pollution and ensure green growth, says a new World Bank Report.
With support from the World Bank’s Energy Sector Management Assistance Program (ESMAP) and PROBLUE, the Offshore Wind Development Program is mapping the seas to identify promising areas for wind farms in developing countries.
The World Bank and PROBLUE are transforming the lifecycle of plastic and helping countries move towards a circular economy. These interventions build a better world for all, especially for the world’s poorest.
About the Program
PROBLUE is an umbrella multi-donor trust fund, administered by the World Bank, that supports the sustainable and integrated development of marine and coastal resources in healthy oceans.
What is the Blue Economy?
The Blue Economy refers to the sustainable and integrated development of economic sectors in healthy oceans.