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4. World Bank Provides $1 Million to Develop Fisheries Sector in Indonesia

The World Bank in partnership with the Indonesian government has introduced the Coastal Fisheries Initiative Challenge Fund. With financing of $1 million from the Global Environment Facility, the Challenge Fund will support sustainable investments into Indonesia’s coastal fisheries sector.

“The goal of the Challenge Fund is to increase the economic and social value of the sector and support the well-being and livelihoods of people reliant on coastal fisheries,” State News Antara quoted Ann Jeannette Glauber, Practice Manager for Environment, Natural Resources and the Blue Economy at the World Bank, as saying on Friday, October 30.

The new initiative, part of the World Bank’s Indonesia Sustainable Oceans Program (ISOP), will work with potential investors on developing business plans for sustainable fisheries, promote private-sector investment opportunities in sustainable fisheries, share lessons learned from past investment successes, and build partnerships between fishing communities and sustainability-minded businesses.

Source: https://money.kompas.com/read/2020/10/30/153426826/bank-dunia-kucurkan-1-juta-dollar-as-untuk-kembangkan-sektor-perikanan-ri.