The Tuvalu government’s fishery department engaged New Zealand firm Starboard Maritime Intelligence to complete 60 satellite scans of its exclusive economic zone (EEZ) under the World Bank-funded Pacific Islands Regional Oceanscape Program (PROP).
The World Bank has been supporting the Marshall Islands Marine Resource Authority to implement the Reimaanlok Conservation Framework, which promotes community led management of protected areas across the archipelago.
Loss of nature and biodiversity worldwide has become a crisis. The World Bank Group’s approach paper on biodiversity and ecosystem services, Unlocking Nature-Smart Development, argues that the global nature crisis is both a systemic risk for development and a development opportunity.
World Bank Group’s East Asia and the Pacific regional vice-president Victoria Kwakwa said the World Bank’s recently launched report, Banking on Protected Areas: Promoting sustainable nature-based tourism to benefit local communities...She said the report makes the case that the promotion of susta
The global economy faces annual losses of $2.7 trillion by 2030 if ecological tipping points are reached and countries fail to invest more in protecting and restoring nature, the World Bank said on Thursday, calling for a greener COVID-19 recovery.
As COVID-19 continues to send shockwaves through the global economy, IFC, a member of the World Bank Group, in collaboration with Inspire Impact, is hosting a landmark discussion on investment opportunities in the Pacific Blue Economy, including why the sustainable use of oceans must be central t