ADB Launches $5 Billion Healthy Oceans Action Plan

The Asian Development Bank (ADB) launched a $5 Billion Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region at the 52nd Annual Meeting of ADB’s Board of Governors in Fiji.

It will expand financing and technical assistance for ocean health and marine economy projects to $5 billion from 2019 to 2024. This will support ADB’s developing member countries’ efforts for achieving the Sustainable Development Goals (SDGs), inclusive of the SDG 14: Life Below Water.

Source: ADB

Static/Current Takeaways Important for LIC AAO Exam:

  • Takehiko Nakao is the President of the Asian Development Bank.
  • Headquarters: Mandaluyong, Metro Manila, Philippines.

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