World Bank- PROBLUE

PROBLUE is a new Multi-Donor Trust Fund, housed at the World Bank, that supports the development of integrated, sustainable and healthy marine and coastal resources. With the Blue Economy Action Plan as its foundation, PROBLUE contributes to the implementation of Sustainable Development Goal 14 (SDG 14) and is fully aligned with the World Bank’s twin goals of ending extreme poverty and increasing the income and welfare of the poor in a sustainable way.

Recent projects/startups the organization invested/funded in: The World Bank’s active Blue Economy portfolio is around $5 billion with a further $1.65 billion in the pipeline. Projects range from implementing large regional fisheries programs in Africa and the Pacific, to tackling all sources of marine pollution, and supporting coastal development around the world, with emphasis on addressing erosion and the other effects of climate change on marine and coastal resources.

Size of Funding PROBLUE is part of the World Bank’s overall blue economy program, which is worth around $5.6 billion in active projects, as of March 2020.