HEALTHY OCEANS • HEALTHY ECONOMIES • HEALTHY COMMUNITIES 2019 ANNUAL REPORT HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S PROBLUE is a new Umbrella 2.0 program, housed at the World Bank, that supports the development of integrated, sustainable and healthy marine and coastal resources. PROBLUE Development Partners France Germany Iceland Norway Sweden USA European Commission Cover: © Shutterstock / Dudarev Mikhail Inside cover: © Shutterstock / Fredrik Gislander 2 019 A N N U A L R EP OR T FOREWORD Oceans are our lifeblood. Healthy oceans provide jobs and food, sustain economic growth, regulate the climate, and support the well-being of coastal and urban communities. Oceans are the largest carbon sink on the planet. They are used to transport more than 80 percent of all goods shipped worldwide. Globally, one in 10 livelihoods depends on fisheries. Yet our oceans are on the brink. Worldwide, a third of fish stocks are fished beyond biological sustainability. There is so much plastic entering the oceans that we cannot accurately assess the extent of the problem. Rising sea levels and temperatures mean more frequent and extreme storm surges. Our oceans are under significant environmental stress, eroding the natural capital upon which future growth and generations depend. October 26, 2018 marked the beginning of PROBLUE and a vision for a healthier, more sustainable planet. This new program is working with client governments to address head on these urgent blue economy issues in an integrated and sustainable way. PROBLUE will improve the management of fisheries and aquaculture; address marine pollution; promote the sustainable development of sectors such as maritime transport and tourism; capitalize on coastal nature-based solutions to contribute to the mitigation, resilience, and adaptation to climate change; and help build the capacity of governments to manage their marine and coastal resources. In PROBLUE’s first eight months, colleagues worked tirelessly to assemble a team, build the infrastructure, and solicit proposals to operationalize the fund. PROBLUE has played an integral role in mainstreaming the Blue Economy agenda both inside and outside of the World Bank. Over the next year, PROBLUE will deliver the analytical work, provide technical assistance, and support blue economy projects around the globe. We are truly at a crucial moment in history, and the global community must act swiftly to innovate and apply solutions. PROBLUE is part of the solution, playing an integral role in catalyzing these efforts. I hope you enjoy this annual report and its compelling illustration of PROBLUE’s progress in its first year as it works to advance healthy and sustainable oceans for all. I would like to especially thank our donors, partners, staff, and the PROBLUE Secretariat for their drive and passion for the mission: you made PROBLUE a reality. KARIN KEMPER Global Director, Environment, Natural Resources and Blue Economy Global Practice World Bank Group PROBLUE, World Bank, 1818 H Street, N.W., Washington, D.C., 20433, U.S.A. No use of this publication may be made for resale or other commercial purpose without the prior written consent of the Secretariat. All images remain the sole property of the source and may not be used for any purpose without written permission from the source. Fiscal Year (FY) runs from July 1, 2018 to June 30, 2019; the financial contribution and expenditures reported are reflected up to June 30, 2019; all dollar amounts are in U.S. dollars ($) unless otherwise indicated. 2 019 A N N U A L R EP OR T CONTENTS FOREWORD I 1. WHY THE BLUE ECONOMY? 1 WHAT IS THE CHALLENGE? 1 PROBLUE: A KEY COMPONENT OF THE WORLD BANK’S BLUE ECONOMY PROGRAM 3 2. ABOUT PROBLUE 4 THE WORLD BANK AND THE BLUE ECONOMY 4 PROBLUE’S FOUR PILLARS 6 Pillar 1: Improved Fisheries Governance 6 Pillar 2: Marine Litter and Pollution Management 7 Pillar 3: Blueing Oceanic Sectors 9 Pillar 4: Integrated Seascapes 9 SUMMARY OF PROGRESS 10 PROFISH ALLOCATIONS 11 3. COMMUNICATIONS AND KNOWLEDGE MANAGEMENT 12 ENGAGEMENT HIGHLIGHTS 12 PUBLICATIONS 13 KNOWLEDGE MANAGEMENT 13 4. RESULTS AND MONITORING 15 5. FINANCIAL OVERVIEW AND ADMINISTRATION 17 PROBLUE PORTFOLIO OVERVIEW 17 PROBLUE FINANCIAL SUMMARY OF APPROVED GRANT AMOUNTS AND DISBURSEMENTS 18 PROFISH PORTFOLIO OVERVIEW 20 PROFISH PORTFOLIO SUMMARY 22 ANNEX 1 24 LIST OF PROBLUE PROJECTS BY CURRENT STATUS AND FINANCIAL INFORMATION 24 ANNEX 2 25 LIST OF PROFISH PROJECTS BY CURRENT STATUS AND FINANCIAL INFORMATION 25 iii iv 2 019 A N N U A L R EP OR T © Shutterstock / Dudarev Mikhail 1. WHY THE BLUE ECONOMY? Oceans cover two-thirds of the planet’s surface. They touch all human life, providing nutrition, livelihoods, climate regulation, and recreation. Policy makers and governments are giving increasing attention to the importance of oceans and ocean resources as drivers of economic growth and providers of key ecosystem services that improve quality of life. As the international community is looking with heightened urgency at the broad threats to oceans, which include overexploitation, overdevelopment, pollution including plastics from land-based and marine sources, and climate change, it has become apparent that oceanic sectors must be developed in a holistic and integrated fashion. Key international actors such as the United policy makers with the necessary information to Nations (UN), the Group of Seven (G7), the choose among sectors and formulate long-term Group of Twenty (G-20), and the World plans for inclusive and sustainable growth. Bank Group have coalesced around the Blue These decisions are particularly important for Economy agenda to address this need. Put clients in fragility, conflict, and violence (FCV) simply, the blue economy is the sustainable contexts, such as many Small Island Developing and integrated development of economic States (SIDS) and least-developed coastal sectors in healthy oceans. The driving principle countries, who face myriad competing options behind the concept is that oceanic sectors for the best use of their ocean resources. are inextricably interlinked and cannot be Because these countries are in some cases considered in isolation. Preserving the health wholly dependent on oceans for growth, food, of oceans and defending the livelihoods, food and jobs, choices must be made carefully with security, and well-being of all who depend upon an eye toward long-term outcomes. Effective them is contingent on a thoughtful, strategic management of oceanic development through approach—a blue economy approach—to the a blue economy is necessary to alleviate development of economic activities that rely on poverty and raise median income while or affect oceans. ensuring sustainability and environmental responsibility. Adopting a blue economy lens enables the World Bank and its partners to propose optimal development strategies for countries WHAT IS THE CHALLENGE? that depend on clean oceans for growth, jobs, Marine resources, both coastal and oceanic, and food. These strategies rely on thorough provide irreplaceable benefits and services diagnostic analyses, such as Blue Public that align with the World Bank Group’s twin Expenditure and Institutional Reviews, valuation goals of eliminating extreme poverty and of blue natural capital, and cost accounting for boosting shared prosperity. The 2017 UN Ocean marine pollution and plastic litter, that provide Conference estimated that 37 percent of the HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 1 Djibouti, November 2016. Photo credit: Charlotte De Fontaubert / The World Bank world’s population lives in coastal communities, However, oceans are in crisis: marine pollution many of which are dependent on oceans and plastic litter, along with the growing for health, nutrition, sustainable livelihoods, impacts of climate change, endanger marine and decent work. Oceans are also drivers of ecosystems, the health of coastal communities, sustainable, long-term economic growth and and the resources and services that drive environmental stability, which highlights the growth. Furthermore, growing demand significance of protecting ocean, marine, and for oceanic and land-based resources may coastal resources for the benefit of all. worsen existing overexploitation of ocean resources and services while increasing plastic In part, the significance of oceans for consumption and litter flows. Without a sustainable global development is a result of the wide range of economic activities that coordinated response, these threats will further oceans support. Fisheries are an obvious deplete fisheries (of which over 30 percent are example of an ocean resource that drives global overfished), destroy coastal wetlands, and cause growth, but other significant sectors include pernicious effects on the natural assets that maritime shipping, which facilitates most global attract tourism to coastal communities. These trade, energy generation and extraction via challenges are exacerbated by governance offshore wind farms and drilling platforms, problems, especially in areas beyond national and tourism and recreation, which in many jurisdiction, and usage conflicts among sectors, developing countries and SIDS is a central which can be resolved only through improved driver of growth. and better integrated management. 2 2 019 A N N U A L R EP OR T PROBLUE: A KEY COMPONENT OF in oceans by leveraging World Bank Group’s THE WORLD BANK’S BLUE ECONOMY lending resources and technical expertise to PROGRAM influence country priorities and World Bank The PROBLUE Umbrella 2.0 program, a key part programs and respond to emerging and urgent of the World Bank’s Blue Economy program, challenges, such as the marine plastics crisis. provides the World Bank with a vehicle to Given that the World Bank has a portfolio of provide catalytic funding to formulate and over US$5 billion (with an additional US$1.6 scale up solutions to these pressing challenges billion in the pipeline) of ocean-related for our client countries. Development partners investments and activities, PROBLUE has the support, PROBLUE builds on the World Bank’s capacity to influence this blue development comparative advantage to coordinate regional across the globe and contribute significantly and global action, within and outside of the to the achievement of the sustainable institution, across four pillars: (1) Improved development goals (SDG), particularly SDG 14 Fisheries Governance; (2) Marine Litter and (life below water), and the World Bank Group’s Pollution Management; (3) Blueing Oceanic twin goals of ending extreme poverty by 2030 Sectors; and (4) Integrated Seascapes. and sustainably boosting shared prosperity. Working across these pillars enables the World As one of the first pilot Umbrella 2.0 programs Bank, in cooperation with strategic partners at the World Bank, PROBLUE is a testament to such as UN Environment Programme (UNEP), the urgency felt by our leadership to develop Food and Agriculture Organization (FAO) of the solutions to the crisis in the world’s oceans. UN, International Maritime Organization (IMO), The World Bank’s Blue Economy program the G7, and the G-20, among many others, to provide the resources to link analytical work continues to grow, and in a reflection of the and policy dialogue with country-level and institution’s commitment to achieving a global regional operations on the ground. PROBLUE blue economy with our clients and partners, the works within the World Bank’s overall Blue World Bank Group’s Environment and Natural Economy program, including the soon-to-be- Resources Global Practice has been rebranded released Blue Economy Action Plan (BEAP), to as the Environment, Natural Resources and Blue change the way the World Bank does business Economy Global Practice (ENB). HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 3 2. ABOUT PROBLUE THE WORLD BANK AND THE Against this backdrop of relatively diverse and BLUE ECONOMY sometimes conflicting activities, the concept The World Bank has had a long history of of the Blue Economy program emerged and engagement with ocean issues. In the early coalesced as the World Bank, UN, G7, G-20, and 2000s, the World Bank and development Organisation for Economic Co-operation and partners launched the Global Program on Development (OECD), among others, began Fisheries (PROFISH), which leveraged over US$1 to recognize the need for better integrated billion in fisheries investments over its lifetime, management of ocean ecosystems, including and launched a series of groundbreaking fisheries and other oceanic resources, and analytical reports, including the 2008 Sunken better tools to address the plastic and pollution Billions report, which highlighted the importance threat to ocean health. In this context, the of fisheries for prosperity and growth. World Bank began its blue economy efforts at a broad, global level and in close partnership Subsequent iterations of PROFISH recognized with several UN agencies. A first report, The the importance of other oceanic resources on Potential of the Blue Economy: Increasing Long- development outcomes. PROFISH is now an term Benefits of the Sustainable Use of Marine associated trust fund of the PROBLUE Umbrella Resources for Small Island Developing States 2.0 and, although remaining legally distinct, is and Coastal Least Developed Countries, was managed as part of the Umbrella. Note that published and presented at UN Headquarters Iceland’s outstanding PROFISH contribution in 2017. Since then, as requested by our client has been transferred to the PROBLUE MDTF. countries and supported by development This annual report covers the entire PROBLUE partners, the World Bank has worked to Umbrella 2.0 program, which includes the develop its own approach and definition of the PROBLUE MDTF and the PROFISH trust funds. blue economy, including through the launch of PROBLUE. Beyond its initial focus on fisheries, the World Bank also worked increasingly on issues related After initial discussions with development to coastal management and more recently partners in the spring and summer of 2018, pushed for increased programming in the PROBLUE raised nearly $150 million in pledges marine litter and pollution space, recognizing by the end of the year. Following legal that the overall health and cleanliness of oceans effectiveness in October 2018, the ENB Global is integral to their productivity. In parallel, Platforms team began to operationalize the improved analytical information and diagnostic PROBLUE concept, culminating in the first annual tools were developed and operations launched work plan and budget (AWP) being approved by across all oceanic activities, including shipping the PROBLUE Partnership Council in February and ports, coastal tourism, and offshore 2019. From October 2018 to June 30, 2019 renewable energy. (the period covered by this annual report), the 4 2 019 A N N U A L R EP OR T Bagamoyo, Tanzania, March 2017. Photo credit: Daniel Mira-Salama / The World Bank PROBLUE Secretariat focused on launching the billion in ocean-related investments, with over operation of the trust fund; advertising funding US$1 billion in the pipeline. The World Bank has availability to World Bank operations staff; over 30 analytical activities under way and has supporting in-depth dialogue with partners, partnered with more than 60 countries around clients, and regional teams; and beginning to the world to build sustainable ocean economies allocate funds to support select activities. for the benefit of those who depend upon them. In its brief existence, PROBLUE has played a As PROBLUE moves into fiscal 2020, it will key role in promoting the blue business line and seek to influence, either directly through mainstreaming blue economy thinking in the programming or indirectly through global World Bank and beyond. The blue economy has partnerships, how stakeholders perceive the attention of senior leadership, who have and manage ocean resources. PROBLUE will launched high-level initiatives such as the World continue its partnership with World Bank Bank Group Marine Litter Working Group, and teams, client countries, and other organizations the International Development Association to identify and support activities with a (IDA) Marine Litter Initiative. The World Bank’s transformational impact on oceans. Blue portfolio has now grown to over US$5 HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 5 PROBLUE’S FOUR PILLARS PROBLUE is structured around four pillars: U.S. Agency for International Development (1) Improved Fisheries Governance; (2) gender-based violence and environment Marine Litter and Pollution Management; (3) programming specialists, to make women and Blueing Oceanic Sectors; and (4) Integrated girls key players in promoting and benefiting Seascapes. Although these pillars guide from oceanic development. Furthermore, PROBLUE’s engagement with the Blue the PROBLUE team is working with climate Economy, maximizing the use and impact of and disaster risk-management specialists to PROBLUE funding and meeting the demands ensure that climate resilience and adaptation of our clients requires an integrated and are at the heart of PROBLUE activities. The synergetic approach to supported activities. PROBLUE team has also strengthened ties with The PROBLUE Secretariat is encouraging International Finance Corporation (IFC) to bring teams to submit cross-pillar proposals and is in private sector perspectives and develop confident that multisector activities will make collaboration in countries and at the global up a substantial portion of activities supported. level; IFC is also a core member of the Marine In addition, Pillars 3 and 4 are providing the Litter Working Group. analytical backbone for holistic blue economy Pillar 1: Improved Fisheries Governance diagnostics and planning in-country while tying The objective of PROBLUE’s first pillar is together the many sectors that make up the to improve governance in fisheries and blue economy. aquaculture. Pillar 1 builds on the success of the In addition to the four pillars, PROBLUE tightly World Bank’s long-running PROFISH program. integrates cross-cutting issues, including Although PROBLUE does not replace PROFISH, gender equality, climate change, private sector PROBLUE’s wider scope enables supporting engagement, and operations in FCV contexts. activities in a more systemic way, enhancing The PROBLUE program recognizes that fulfilling the impact of our work on fisheries. Pillar 1 the Blue Economy’s ambition of inclusivity and is organized around three components: (1) sustainability requires taking a mainstreamed generating and sharing knowledge; (2) country- approach to issues such as gender equality level project identification and preparation/ and climate change. The PROBLUE Secretariat implementation support; and (3) investments in is working with its partners, including with fisheries management and aquaculture. 6 2 019 A N N U A L R EP OR T As presented in the February 2019 AWP, the of PROBLUE Pillar 1, with the exception initial work program for Pillar 1 is organized of the development of the Blue Economy around a set of priority areas, including Development Framework, which was launched governance, transparency, subsidies and trade, under PROFISH and is encompassed by Pillar disease prevention and new development models 4. Although financial information is reported in aquaculture, gender equity, and climate separately for the time being, management change resilience. The initial focus of activities of the two programs has been streamlined is on global analytical pieces intended to inform to ensure consistency and alignment, reduce the development of future operations, including transaction costs, and promote efficiency. analytic work in quantifying the ecosystem The February 2019 AWP allowed for spending approach to fisheries management, including of as much as US$6.6 million for halting the optimal extraction of forage fisheries for fish fisheries overexploitation and US$1.4 million meal, the building of capacity for biosecurity in for sustainable aquaculture development, for aquaculture, and the development of a toolkit a total allocation of US$8.0 million. For all to assess the status of the fisheries sector to pillars, additional funds have been set aside for help innovate and enhance World Bank project technical input and activities performed by the preparation with our client countries. Secretariat in support of teams implementing The management and reporting cycles of activities and preparing proposals. PROFISH have been aligned with those TABLE 2.1.  Pillar 1—Summary Financial Information as of June 30, 2019 (in US$) A. Endorsed Under B. Grant C. Under Expected Grant Thematic Area Feb 2019 AWP Approved Preparation (B+C) Halting overexploitation of 6.6 million 0.40 million 0.25 million 0.65 million fisheries Sustainable aquaculture 1.4 million 0.00 million 0.52 million 0.52 million development Technical support - 0.20 million - 0.20 million TOTAL 8.0 million 0.60 million 0.77 million 1.37 million Pillar 2: Marine Litter and Pollution Management support for marine pollution prevention and The objective of PROBLUE’s second pillar is to management; and (4) investments in marine prevent and reduce marine litter and pollution. litter and pollution management. Pillar 2 encompasses plastics and the circular As presented in the February 2019 AWP, economy, issues that have attracted increased Pillar 2 is prioritizing activities designed to attention from policy makers over the last prevent marine pollution and marine plastics few years. Pillar 2 has four components: (1) in particular: first, targeting improved solid creating foundations for marine litter and waste management and developing circular pollution operations; (2) country-level project economy and upstream reduction of plastics; identification and preparation/implementation second, preventing multiple sources of pollution support for marine litter prevention and in enclosed ecosystems where sources are management; (3) country-level project intertwined; and third, prevention of marine identification and preparation/implementation HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 7 plastics pollution and improving solid waste The February 2019 AWP allowed spending of management in ports and maritime transport. as much as US$12.5 million for work related Pillar 2’s initial work program is organized to plastics, US$1.5 million for marine pollution around a set of priority areas at the global, management, and US$1.0 million for marine regional, and country levels. This includes the pollution management specific to ports and development of tools that will support decision- transport, for a total of US$15.0 million. Since making in countries both by facilitating the the AWP was approved, the PROBLUE Pillar identification and sequencing of investments 2 team has provided support and advice for and policy reforms and by better understanding about 20 country dialogues and regional and quantifying the costs of pollution beyond engagements in East Asia, South Asia, Latin plastics. Further work includes the creation of America, the Caribbean, North Africa, West and participation in platforms and partnerships Africa, and around the Black Sea. Several that address plastics in areas where demand of these dialogues are cross-pillars and for remedial actions is high; work in support extend beyond Pillar 2 activities. Some of the of innovation and behavior change tailored to dialogues between PROBLUE and teams are in country and sector contexts; analytical products preparation for additional country and regional that increase country-level impacts by improving upstream work that will help governments understanding of the plastic landscape from identify opportunities and propose the initial its production to plastic leakages; and finally design of investments, whereas others are work that accelerates the development of cost- expected to support actual project preparation effective quick-win operations. in fiscal 2020. Awareness-raising work under Pillar 2 has Many of these dialogues are expected to turn supported World Bank Group corporate into country and regional activities aimed at initiatives to tackle the marine plastics problem. preventing marine plastic pollution and funded The World Bank Group launched the Marine by PROBLUE in fiscal 2020. Plastics Working Group and has created an IDA Marine Litter Initiative to provide supplemental IDA allocations in situations of urgent need. TABLE 2.2.  Pillar 2—Summary Financial Information as of June 30, 2019 (in US$) A. Endorsed Under B. Grant C. Under Expected Grant Thematic Area Feb 2019 AWP Approved Preparation (B+C) Plastics 12.50 million 0.65 million 3.65 million 4.30 million Marine pollution 1.50 million 0.00 million 0.45 million 0.45 million Marine pollution in ports 1.00 million 0.00 million 0.00 million 0.00 million and transport Technical support - 0.20 million - 0.20 million TOTAL 15.00 million 0.85 million 4.10 million 4.95 million 8 2 019 A N N U A L R EP OR T Pillar 3: Blueing Oceanic Sectors development of various oceanic sectors. The objective of PROBLUE’s third pillar is to The work plan specifically identifies tool support economic opportunities in traditional development for sustainable coastal tourism; and new economic activities in a more shipping, transport, and ports; environmental sustainable way. Pillar 3 covers a range of issues of seawater desalination; and options existing and novel economic activities that must for marine-based renewable energy, such as be understood and incorporated under the offshore wind power. Such knowledge products Blue Economy to promote optimal growth and will assist in incorporating these economic sustainability. Pillar 3 has three components: (1) sectors in the broader Blue Economy concept generating and sharing knowledge; (2) country- to prevent detrimental effects to ocean health. level project identification and preparation/ The February 2019 AWP allowed for spending implementation support; and (3) investments in as much as US$0.5 million for work in shipping, blue, sustainable oceanic activities. transport, and ports; US$0.8 million for work As presented in the February 2019 AWP, Pillar related to sustainable coastal tourism; US$0.5 3’s initial work program is organized around million for renewable energy generation, a set of priority areas that focus particularly including offshore wind power; and US$0.5 on the development of global analytical work million for assessing and managing the impacts that identifies the opportunities for, and of desalination, for a total of US$2.3 million. impediments to, the sustainable economic TABLE 2.3.  Pillar 3—Summary Financial Information as of June 30, 2019 (in US$) A. Endorsed Under B. Grant C. Under Expected Grant Thematic Area Feb 2019 AWP Approved Preparation (B+C) Shipping and ports 0.50 million 0.00 million 0.25 million 0.25 million Coastal tourism 0.80 million 0.00 million 0.40 million 0.40 million Offshore wind energy 0.50 million 0.00 million 0.00 million 0.00 million Desalination 0.50 million 0.00 million 0.00 million 0.00 million Technical support - 0.20 million - 0.20 million TOTAL 2.30 million 0.20 million 0.65 million 0.85 million Pillar 4: Integrated Seascapes financial innovation; (3) country-level project The objective of PROBLUE’s fourth pillar is identification and preparation/implementation to strengthen integrated and sustainable support; and (4) improvements in resilient management of coastal and marine areas. Pillar coastal and marine management. 4 promotes cross-sectoral, upstream planning to assist SIDS and coastal least-developed Pillar 4 encompasses the development of the countries in developing the full potential of their Blue Economy Development Framework, also blue economy. The diagnostic and planning financed under PROFISH, which is being piloted tools under the remit of Pillar 4 are at the heart in three countries: Kiribati, India, and Vietnam. of PROBLUE. Pillar 4 has four components: (1) In addition, preliminary discussions are ongoing the Blue Economy Development Framework; with teams in Africa for an additional pilot site (2) regional and global collaboration, including to be funded under PROBLUE. HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 9 As presented in the February 2019 AWP, Pillar to upstream seascape work in country strategy 4’s initial work program is organized around a documents and investment operations. set of priority areas, including advocacy work The February 2019 AWP allowed for spending for innovative planning and management in the of US$0.6 million of PROBLUE funding for context of climate change, the development the Blue Economy Development Framework of diagnostic and analytic tools to design and (BEDF), US$0.5 million for work related to implement investment operations and country nature-based solutions for resilience; and US$2.1 road maps, the development of innovative million for financial innovation and mobilization financing mechanisms, and technical support for blue growth, for a total of US$3.2 million. TABLE 2.4.  Pillar 4—Summary Financial Information as of June 30, 2019 (in US$) A. Endorsed Under B. Grant C. Under Expected Grant Thematic Area Feb 2019 AWP Approved Preparation (B+C) Blue Economy Development 0.60 million 0.50 million 0.00 million 0.50 million Framework Nature-based solutions for 0.50 million 0.45 million 0.00 million 0.45 million resilience challenges Mobilizing finance for blue 2.10 million 0.06 million 0.00 million 0.06 million growth Technical support - 0.20 million - 0.20 million TOTAL 3.20 million 1.21 million 0.00 million 1.21 million SUMMARY OF PROGRESS and improved, with coordination between the Since the endorsement of the PROBLUE AWP Secretariat and individual teams. in February 2019, the Secretariat has focused on the operationalization of the trust fund, By the end of fiscal 2019, all proposals accepted including the development of the operations were for global analytical and advisory services manual and standard procedures, recruitment, products, which was in alignment with the outreach with colleagues to generate demand priorities of the February 2019 AWP, which for PROBLUE support, and development focused on agenda-setting analytical work partners communication. Although proposal to build foundations for future operations in submissions and acceptance are expected to the Blue Economy. Other proposals, including accelerate over the course of the calendar year, knowledge products and project preparation in the four months between the adoption of grants, have been received, and discussions and the work plan and the end of fiscal 2019, the outreach with teams across the World Bank PROBLUE Secretariat received 14 proposals, are well under way to identify and support with requests totaling over US$6 million. In future activities to be funded in fiscal 2020. The that same period, six were accepted, for a PROBLUE Secretariat entered fiscal 2020 with total of over US$2 million. The remaining eight discussions with over 30 teams across the World proposals were in the process of being revised Bank regarding activities across all four pillars. 10 2 019 A N N U A L R EP OR T © Shutterstock / Damsea PROFISH ALLOCATIONS for activities costing as much as US$30,000, As noted, PROBLUE works alongside with a view to supporting: i) the identification PROFISH as the World Bank’s vehicle for or preparation of an investment; ii) the financing sustainable fisheries. Because preparation of a piece of analytical work; or PROFISH is an associated trust fund, monies iii) the delivery of a technical assistance task. already transferred to the World Bank Selected activities demonstrated significant under PROFISH will remain available under leverage effect and had the potential for future PROFISH in segregated accounts, but program PROBLUE-financed follow-up activities. management and administration duties are now As of fiscal 2019, of 18 proposals received, performed by the PROBLUE Secretariat. totaling US$540,000, seven were approved, As part of the PROFISH program, in October with a value of US$210,000. This figure does 2018, a call for proposals was issued under not include BEDF pilot projects, which had the PROFISH preinvestment facility window been approved earlier. HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 11 COMMUNICATIONS AND 3. KNOWLEDGE MANAGEMENT ENGAGEMENT HIGHLIGHTS Laura Tuck, entrepreneurs, and members of the private sector. Introductory remarks, lightning talks, and a panel of speakers engaged in a lively discussion on marine pollution, climate change, and PROBLUE. The event was one of the best attended at the Spring Meetings, with the main hall and overflow room at capacity. Nearly 500 participants tuned in to watch the event in real time on World Bank Live, and it was replayed on YouTube over 71,000 times in the first two weeks. The top countries that viewed the replay were Vietnam, Ukraine, Indonesia, Argentina, and the Philippines. The event hashtag, #BeatPlasticPollution, reached more than 2 million users on Twitter, generating over 9,000 social media engagements worldwide. A communications officer was hired in The PROBLUE Secretariat created the collateral July 2019, and the upcoming year will see for external promotion of the brand, including a significant increase in communications an external web page, a fact sheet, messages, activities, such as the introduction of a and a list of frequently asked questions (FAQs). PROBLUE logo, a revamped external web page, and a communications strategy. On April 11, 2019, the World Bank, in partnership with Global Citizen, hosted an event on plastic pollution at the World Bank/International Monetary Fund (IMF) Spring Meetings. “From Source to Sea: Innovative Ways to Tackle Marine Pollution” hosted speakers, including broadcaster Sir David Attenborough, World Bank CEO Kristalina Georgieva, Minister Catherine McKenna of Canada, Minister Dag-Inge Ulstein of Norway, Minister Surasak Karnjanarat of Thailand, UN Special Envoy for the Ocean Peter Thomson, PepsiCo’s Vice President Roberta Barbieri, World Bank Vice President 12 2 019 A N N U A L R EP OR T © Shutterstock / katatonia82 PUBLICATIONS KNOWLEDGE MANAGEMENT Over the coming year, the World Bank plans to The Secretariat created a standard proposal publish a Blue Economy Action Plan, in which template for PROBLUE applications. An PROBLUE will be featured. This approach internal website was launched for all World aims to change the way the World Bank does Bank colleagues to learn more about the business, in part by promoting an integrated fund and download all necessary information, approach to management of oceanic activities including the application. PROBLUE will and addressing land-based activities that support the creation of standardized toolkits, affect marine ecosystems. This will only further best practices, guidance notes, training, and PROBLUE’s mission and agenda. knowledge exchanges. HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 13 14 2 019 A N N U A L R EP OR T Photo credit: Vincent Tremeau / The World Bank RESULTS AND MONITORING 4.  PROBLUE is systematically examining its portfolio to monitor and report on the results of supported activities, which are tracked by pillar and product line. Because all six activities accepted in fiscal 2019 have just begun, actual results are forthcoming. As per the AWP, the following targets are expected from the six approved activities. All six activities are advisory services and options, and in some cases, develop new tools analytics (ASA) products intended to add to for use by teams and governments. the body of global knowledge, suggest policy TABLE 4.1.  Accepted Proposals as of June 30, 2019 Pillar Component Activity Name Product Line Region 1 1 Fisheries Status Assessment Toolkit ASA Global 1 1 Reducing harmful fisheries subsidies ASA Global 2 1 Pathways out of plastics ASA Global 4 1 Blue natural capital for Changing Wealth of Nations 2020 ASA Global BEDF analytic work in support of BEDF analytical 4 1 tools, technical assistance to pilot projects, and ASA Global support to Integrated Seascapes Guidance Panel 4 2 Developing recommendations for a blue finance facility ASA Global Fisheries Status Assessment Toolkit reoriented toward supporting necessary Objective: To develop a toolkit to assess fisheries governance reform in cooperation the status of fisheries sectors to provide with partners, including the World Trade governments with high-quality data and Organization (WTO), Organization for information for project design and preparation. Economic Co-operation and Development, and the University of British Columbia. Expected Outcome: The activity will enable countries to better diagnose the status of their Expected Outcome: The activity will inform fisheries, management capacity, and identify policy makers about the opportunities for strengths and weaknesses, which will lead to transitioning away from harmful fisheries improved design of projects in fisheries. subsidies, inform WTO negotiations, and add to the policy dialogue on fisheries subsidies. Reducing Harmful Fisheries Subsidies Objective: To help identify ways in Please note that although this proposal was which harmful fisheries subsidies can be approved, funds have yet to be allocated as of HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 15 June 30, 2019. As such, financial reporting will BEDF Analytic Work in Support of BEDF not reflect this proposal because the figures Analytical Tools, Technical Assistance to Pilot reported in this document include only actual Projects, and Support to Integrated Seascapes allocations to individual activities. Guidance Panel Objective: Provide technical assistance to Pathways Out of Plastic Pollution enable high-quality technical and analytical Objective: To help client countries better work that will underpin the BEDF toolkit, understand and design effective, efficient, and which strengthens the capacity of countries implementable packages of policy instruments to analyze, design, and implement the to manage plastic pollution and prevent plastic blue economy. This work will include tool waste from damaging marine and terrestrial development, technical support to BEDF pilot ecosystems. The model intends to build on a projects, and the creation of a panel of advisors Roadmap to Reach Zero Leakage developed on integrated seascapes. by PEW Charitable Trust and SystemiQ, and will integrate upstream aspects, such as the Expected Outcome: A Blue Economy behavior of economic agents. Development Framework will be developed that provides the road map for optimal development Expected Outcome: The activity will help lead of a country’s oceanic activities. The BEDF the global transition out of plastic pollution will first be piloted and field-tested, leading to by providing the tools to assess and advise recommendations for the final toolkit. on key policy questions around planning, fiscal instruments, and regulations that would Developing Recommendations for a Blue inform governments to prioritize and sequence Finance Facility interventions and policies for plastics waste Objective: to produce a white paper that reduction and prevention. analyzes the potential for the World Bank to establish a debt swap facility in partnership Blue Natural Capital for Changing Wealth of with The Nature Conservancy that will assist Nations 2020 client governments in securing natural capital Objective: Provide countries with information for a blue economy. to improve the management of blue natural capital as part of the Blue Economy approach Expected Outcome: Greater understanding by i) estimating accurately the value of blue of the World Bank’s ability to apply financial natural capital (mangroves, coral reefs, and instruments, such as credit enhancements, in fisheries) as part of national wealth accounts the ocean space and in coordination with third for 150 countries reported in Changing Wealth parties and client governments to accelerate of Nations 2020, and ii) estimating the gains in the transition to a blue economy. national wealth from policy and management reform for blue natural capital. Expected Outcome: Improved management of blue natural capital in-country and identification of policy options. 16 2 019 A N N U A L R EP OR T FINANCIAL OVERVIEW 5. AND ADMINISTRATION PROBLUE PORTFOLIO OVERVIEW US$600,000 were disbursed, as of fiscal 2019. In fiscal 2019, PROBLUE received signed Grant amounts and disbursements are expected contributions of over US$50 million from five to accelerate significantly in fiscal 2020. donor countries (development partners are in the process of signing for over US$100 million). Table 5.1 provides a financial summary of Actual funds received from donors totaled PROBLUE. As of June 30, 2019, PROBLUE’s approximately US$28.8 million. Because of the total fund balance, taking into account actual focus on operationalizing the trust fund and funds received from donors, disbursements, preparing the February 2019 AWP, PROBLUE commitments, and investment income, is just approved grants of US$2 million, of which over US$28 million. TABLE 5.1.  PROBLUE Financial Summary (in US$, as of June 30, 2019) A. Total donor signed contribution amount 51,140,736 Swedish International Development Cooperation Agency (Sida) 32,429,871 Iceland, Ministry of Foreign Affairs 1,400,000 Norway, Ministry of Foreign Affairs 12,836,970 Norwegian Agency for Development Cooperation (Norad) 2,917,493 Germany, GIZ (Deutsche Gesellschaft Für Internationale Zusammenarbeit) 568,550 France, Agence Francaise de Developpement 987,850 B. Actual funds received from donors 28,829,222 Swedish International Development Cooperation Agency (Sida) 11,933,868 Iceland, Ministry of Foreign Affairs 800,000 Norway, Ministry of Foreign Affairs 12,836,970 Norwegian Agency for Development Cooperation (Norad) 2,917,493 Germany, GIZ (Deutsche Gesellschaft Fur Internationale Zusammenarbeit) 340,890 France, Agence Francaise de Developpement - C. Other adjustments 447,271 Investment income (+) 447,271 D. Total funds available (B + C) 29,276,493 E. Disbursements 638,963 F. Commitments 147,435 G. Fund balance at trustee, subfund, and disbursing account level (D - E - F) 28,490,094 HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 17 PROBLUE FINANCIAL SUMMARY OF individual activity that has been approved by APPROVED GRANT AMOUNTS AND the Secretariat, whereas transferred amounts DISBURSEMENTS reflect the amount of funding currently Table 5.2 provides a summary of approved available for disbursement. Additional grant amounts, transfers, disbursements, transfers will occur as milestones are reached and available fund balance at the grant and need is demonstrated. The available level. Approved grant amounts reflect the balance is a function of transferred funds less full value of the line item and corresponding disbursements and commitments. TABLE 5.2.   PROBLUE Financial Summary of Approved Grant Amounts and Disbursements (in US$, as of June 30, 2019) A. B. C. D. E. F. Approved Transferred Disbursement Fund Commitments Available PROBLUE LINE ITEMS Grant Amount Balance Balance Amount (B – C) (D – E) Total program management and 1,100,000 400,000 228,187 171,813 42,570 129,243 administration (PMA), general coordination Total general 250,000 200,000 30,630 169,370 - 169,370 communications Total PMA for pillars 2,000,000 600,000 138,168 461,832 - 461,832 Pillar 1: Improved 500,000 150,000 47,670 102,330 - 102,330 Fisheries Governance Pillar 2: Marine Litter and 500,000 150,000 42,617 107,383 - 107,383 Pollution Management Pillar 3: Blueing Oceanic 500,000 150,000 47,881 102,119 - 102,119 Activities Pillar 4: Integrated 500,000 150,000 - 150,000 - 150,000 Seascapes Total by Components 2,860,000 2,660,000 241,978 2,418,022 104,865 2,313,157 Pillar 1: Improved 600,000 600,000 38,837 561,163 7,023 554,140 Fisheries Governance 1.1. Generating and 400,000 400,000 38,837 361,163 7,023 354,140 sharing knowledge 1.2. Country-level support - - - - - - 1.3. Investments in - - - - - - fisheries management 1.4. Technical support and oversight for 200,000 200,000 - 200,000 - 200,000 project design and implementation 18 2 019 A N N U A L R EP OR T (Table 5.2 continued) Pillar 2: Marine Litter and 850,000 850,000 41,759 808,241 842 807,399 Pollution Management 2.1. Creating foundations for marine litter and 650,000 650,000 18,898 631,102 - 631,102 pollution operations 2.2. Country-level support to operations - - - - - - for the prevention and reduction of marine litter 2.3. Country-level support to operations for the prevention and - - - - - - reduction of marine pollution 2.4. Investments in marine litter and - - - - - - pollution prevention and management 2.5. Technical support and oversight for 200,000 200,000 22,861 177,139 842 176,297 project design and implementation Pillar 3: Blueing Oceanic 200,000 200,000 - 200,000 - 200,000 Sectors 3.1. Generating and - - - - - - sharing knowledge 3.2. Country-level - - - - - - support 3.3. Investments in blueing traditional - - - - - - sectors and new economic activities 3.4. Technical support and oversight for 200,000 200,000 - 200,000 - 200,000 project design and implementation Pillar 4: Integrated 1,210,000 1,010,000 161,382 848,618 97,000 751,618 Seascapes 4.1. Blue Economy 950,000 750,000 85,704 664,296 97,000 567,296 Development Framework 4.2. Regional and global 60,000 60,000 - 60,000 - 60,000 collaboration 4.3. Country-level project identification - - - - - - and preparation/ implementation support 4.4. Investments in resilient coastal and - - - - - - marine management 4.5. Technical support and oversight for 200,000 200,000 75,678 124,322 - 124,322 project design and implementation TOTAL 6,210,000 3,860,000 638,963 3,221,037 147,435 3,073,602 HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 19 © Shutterstock / ImagineStock PROBLUE provides support to World Bank program’s operational costs. Note that PMA grant activities in accordance with AWPs endorsed amounts are over the whole lifetime of the MDTF. by the PROBLUE Partnership Council. As Future annual reports will provide additional noted, the first AWP was endorsed by the information on development partners PROBLUE Partnership Council in mid-February contributions, trends in approved grant 2019. In the four months until the conclusion amounts and disbursements, and co-financing of fiscal 2019, PROBLUE approved grants of across the PROBLUE portfolio. At this early US$2 million across five activities (note that stage in the life of the MDTF, this information is additional activities have been approved, but not available. grant transfer had yet to occur as of the end of fiscal 2019). These activities had disbursed PROFISH PORTFOLIO OVERVIEW just under US$150,000 by June 30, 2019. The last line items under each pillar reports The PROFISH program has three active and technical support activities undertaken by the disbursing trustee-level funds. Table 5.3 provides Secretariat to support specific activities by a financial summary of PROFISH. The PROFISH task teams across the World Bank. Other line program has received signed contribution of items under each pillar are their respective US$12.8 million from six donors since February components; activities supported by PROBLUE 2008. As of fiscal 2019, actual funds received are subsumed under these headings. from donors amount to approximately US$11.4 million, of which over US$6.3 million has been PROBLUE’s Program Management and disbursed. The total fund balance at the trustee Administration (PMA) disbursement reflect the level is over US$4 million. 20 2 019 A N N U A L R EP OR T TABLE 5.3.   PROFISH Financial Summary (in US$, as of June 30, 2019) Trustee, Subfund, and Signed Contribution Available (B - C + D) Disbursing Account H. Fund Balance at F. Disbursements C. Administrative G. Commitments B. Actual Funds Level (E - F - G) Received from A. Total Donor E. Total Funds D. Investment PROFISH TRUST FUNDS Amount Income Donors Fee 1. Multi Donor Trust Fund for the Global Program 10,119,522 10,119,522 505,976 459,437 10,072,983 6,009,241 4,063,742 on Fisheries (PROFISH) United Kingdom, Department for International 2,902,090 2,902,090 Development (DFID) Iceland, Ministry of 1,621,162 1,621,162 Foreign Affairs France, Agence Francaise de 562,085 562,085 Developpement New Zealand, Ministry of Primary 34,185 34,185 Industry (MPI) United States, Department of 5,000,000 5,000,000 State 2. Multi-Donor Trust Fund for the Global Program on Fisheries 400,000 400,000 - 11,281 411,281 184,517 226,765 (PROFISH)— Parallel Trust Fund of TF070942 Iceland, Ministry of 400,000 400,000 Foreign Affairs 3. Global Program for Fisheries Multi- 2,291,440 925,480 - 17,104 942,584 196,875 745,709 Donor Trust Fund (PROFISH3) European Union, Commission of 2,291,440 925,480 the European Communities TOTAL PROFISH 12,810,962 11,445,002 505,976 487,823 11,426,849 6,390,633 704,981 4,331,234 TRUST FUNDS HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 21 PROFISH FINANCIAL SUMMARY OF South Asia region. A total of US$11 million was APPROVED GRANT AMOUNTS AND approved, of which over US$6.3 million was DISBURSEMENTS disbursed. The available balance is just under US$3.9 million. Table 5.4 provides PROFISH As of June 30, 2019, PROFISH initiated and Financial Summary of Approved Grant Amounts supported 22 global, regional, and national and Disbursements. activities across Africa, East Asia and Pacific, Latin America and the Caribbean, and the TABLE 5.4.   PROFISH Financial Summary of Approved Grant Amounts and Disbursements (in US$, as of June 30, 2019) A. B. C. D. E. F. Approved Transferred Disbursement Fund Commitments Available PROFISH TRUST FUNDS Grant Amount Balance Balance Amount (B - C) (D - E) 1. Multi-Donor Trust Fund for the Global 9,945,317 9,945,317 6,009,241 3,936,076 604,292 3,331,784 Program on Fisheries (PROFISH) a) Program management 428,511 428,511 428,511 - - - and administration b) Grants 9,516,805 9,516,805 5,580,729 3,936,076 604,292 3,331,784 2. Multi-Donor Trust Fund for the Global Program on Fisheries 367,628 277,628 184,517 93,111 30,600 62,511 (PROFISH)—Parallel Trust Fund of TF070942 a) Program management 60,000 60,000 53,295 6,705 - 6,705 and administration b) Grants 307,628 217,628 131,222 86,405 30,600 55,805 3. Global Program for Fisheries Multi-Donor 770,000 770,000 196,875 573,125 70,089 503,035 Trust Fund (PROFISH3) a) Program management 200,000 200,000 41,893 158,107 - 158,107 and administration b) Grants 570,000 570,000 154,983 415,017 70,089 344,928 TOTAL 11,082,944 10,992,944 6,390,633 4,602,311 704,981 3,897,330 22 2 019 A N N U A L R EP OR T ANNEXES HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 23 © Shutterstock / hasan.xaidi 24 ANNEX 1 LIST OF PROBLUE PROJECTS BY CURRENT STATUS AND FINANCIAL INFORMATION Sum of Fund Available 2 019 A N N U A L R EP OR T Current Project Approval Closing Grant Transferred Disbursements Commitments Project Name Pillar Balance Balance Status Type Date Date Amount Amount (US$) (US$) (US$) (US$) (US$) Advisory Blue Natural Capital Services for Changing Wealth 4.1 Active 4/30/2019 6/30/2020 450,000 250,000 70,659 179,341 97,000 82,341 & of Nations 2020 Analytics Advisory Fisheries Status Services Assessment Toolkit 1.1 Active 5/21/2019 6/30/2021 400,000 400,000 38,837 361,163 7,023 354,140 & (FSAT) Analytics Advisory Developing Services Recommendations for 4.2 Active 5/28/2019 12/31/2019 60,000 60,000 - 60,000 - 60,000 & a Blue Finance Facility Analytics Advisory Pathways Out of Plastic Services 2.1 Active 5/20/2019 6/30/2021 650,000 650,000 18,898 631,102 - 631,102 Pollution & Analytics BEDF Analytic Work in Support of BEDF Advisory Analytical Tools, Technical Services Assistance to Pilot 4.1 Active 6/18/2019 6/30/2021 500,000 500,000 15,045 484,955 - 484,955 & Projects, and Support Analytics to Integrated Seascapes Guidance Panel TOTAL 2,060,000 1,860,000 143,439 1,716,561 104,023 1,612,538 ANNEX 2 LIST OF PROFISH PROJECTS BY CURRENT STATUS AND FINANCIAL INFORMATION Sum of Sum of Sum of Sum of Transferred Sum of PROFISH Current Closing Grant Adjusted Fund Available Project Name Project Type Amount Commitments Trust Funds Status Date Amount Disbursements Balance Balance (US$) (US$) (US$) (US$) (US$) (US$) Fisheries Insurance Technical Active 1/31/2020 4,599,612 4,599,612 691,696 3,907,916 602,028 3,305,888 (COAST) Assistance Project PROFISH Analytics Active 8/31/2022 4,211,662 4,211,662 4,183,502 28,160 2,264 25,896 Preperation India Marine Fisheries Legally Technical Consultations and Policy 1/30/2009 53,368 53,368 53,368 - - - closed Assistance Dialogue PROFISH—Sustainable Legally Technical 6/30/2013 - - - - - - Aquaculture closed Assistance  Analytic and Legally PROFISH—Fish 2030 Advisory 6/30/2014 24,976 24,976 24,976 - - - closed Activities PROFISH—Fish Health Legally Technical 6/30/2014 55,000 55,000 55,000 - - - Initiative closed Assistance PROFISH & ALLFISH Legally Technical (Global Environment 12/31/2014 - - - - - - closed Assistance Facility) PROFISH—Currents of Legally Technical 6/30/2015 39,264 39,264 39,264 - - - Change closed Assistance Fisheries Performance Legally Technical 12/31/2015 119,863 119,863 119,863 - - - Indicators closed Assistance MULTI-DONOR TRUST FUND FOR THE Analytic and Advisory GLOBAL PROGRAM ON FISHERIES (PROFISH) Activities; PROFISH Legally Technical 8/31/2022 279,905 279,905 279,905 - - - Country Support closed Assistance; Project HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S Preperation PROFISH—Innovative Legally Technical Finance (Areas Beyond 8/31/2022 133,155 133,155 133,155 - - - closed Assistance 25 National Jurisdiction) TOTAL 9,516,805 9,516,805 5,580,729 3,936,076 604,292 3,331,784 Sum of Sum of Sum of Sum of Transferred Sum of 26 PROFISH Current Closing Grant Adjusted Fund Available Project Name Project Type Amount Commitments Trust Funds Status Date Amount Disbursements Balance Balance (US$) (US$) (US$) (US$) (US$) (US$) Analytical basis for Development promoting aquaculture Active Policy 4/30/2019 30,000 30,000 29,749.44 251 - 251 in SVG Financing Investment Global Program on Active Project 9/30/2019 30,000 - - - - - Fisheries (PROFISH) Financing Costa Rica Sustainable Technical Fisheries Development— Active 12/31/2019 60,000 60,000 30,288 29,712 29,600 112 Assistance Technical Assistance 2 019 A N N U A L R EP OR T Benchmarking Study of Contractual Advisory Arrangements for Active Services & 12/31/2019 30,000 - - - - - Aquaculture Producers Analytics and Aggregators Brief Assessment of Water Intensity of Freshwater Aquaculture and Implications of Advisory (Climate-Change– Active Services & 12/31/2019 30,000 - - - - - Induced Incremental) Analytics Water Stress on the Proposed Intensification of Aquaculture in India Supporting Resilient Advisory Coastal Economies in Active Services & 6/30/2020 30,000 30,000 7,209 22,791 1,000 21,791 Vietnam Analytics MULTI-DONOR TRUST FUND FOR THE Supporting Resilient Technical Coastal Economies in Active 12/31/2020 30,000 30,000 16,637 13,363 - 13,363 Assistance Vietnam An Explosive Situation, a Coordinated Response— Technical Active 8/31/2022 30,000 30,000 9,711 20,289 - 20,289 Curbing Blast-Fishing in Assistance GLOBAL PROGRAM ON FISHERIES (PROFISH)—PARALLEL TRUST FUND Tanzania Advisory Legally Blue Bond Infographic Services & 10/31/2018 8,000 8,000 8,000 - - - closed Analytics Advisory Myanmar CEA Fisheries Legally Services & 5/31/2019 29,628 29,628 29,628 - - - Component closed Analytics TOTAL 307,628 217,628 131,222 86,405 30,600 55,805 Sum of Sum of Sum of Sum of Transferred Sum of PROFISH Current Closing Grant Adjusted Fund Available Project Name Project Type Amount Commitments Trust Funds Status Date Amount Disbursements Balance Balance (US$) (US$) (US$) (US$) (US$) (US$) Informing the Advisory Development of Active Services & 12/31/2019 50,000 50,000 - 50,000 1,011 48,989 Vietnam's Blue Economy Analytics Advisory Unlocking India's Blue Active Services & 3/31/2020 385,000 385,000 20,000 365,000 69,078 295,922 Economy Potential Analytics PROFISH European Knowledge Union Blue Economy Active Management 6/30/2020 135,000 135,000 134,983 17 - 17 Diagnostic Product GLOBAL PROGRAM FOR FISHERIES MULTI-DONOR TRUST FUND (PROFISH3) TOTAL 570,000 570,000 154,983 415,017 70,089 344,928 HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 27 HEA L T HY OC EA N S • H E A L TH Y E C O N O MI E S • H E A L TH Y C O MM U N I TI E S 29 Shutterstock / Valt Ahyppo PROBLUE is a new Umbrella 2.0 program, housed at the World Bank, that supports the development of integrated, sustainable and healthy marine and coastal resources. www.worldbank.org/problue 2 019 A N N U A L R EP OR T