Publication:
Financing Options and Instruments

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dc.contributor.authorWorld Bank
dc.date.accessioned2025-03-25T15:21:07Z
dc.date.available2025-03-25T15:21:07Z
dc.date.issued2025-03-17
dc.description.abstractAfrica’s coastal and marine areas face growing challenges. Protecting the continent’s natural assets and the services they provide is not just a moral imperative; it is also a chance to obtain higher economic yield by, for example, adding value to fish products in Mauritania, using mangroves as a shield for rice paddies from storm surges in Guinea, using the clean coastal environment for tourism, as in Senegal, and generating new jobs by moving from destructive to productive practices, so enabling countries to access to blue carbon finance. Introduction Protecting the ocean is not only a moral imperative; it is also a financial opportunity. Ocean financing needs to move beyond an extractive, inequitable business-as-usual approach, which sees activities undertaken with little regard for negative environmental, economic, and social impacts that threaten long-term development, to align economic development opportunities with ocean health in a way that fosters low-carbon, resource-efficient growth, creates jobs, and reduces poverty. Enabling such a transition requires significant upfront investments, firstly to understand current trends and emerging threats through technical assistance, and secondly to formulate appropriate governance, fiscal, and financial policies, as well as investment solutions. In many cases, financing is available. However, it is not always available at the right time or place. The time and effort required to request (and then wait for approval of) finance can also be prohibitive. In some cases, projects are isolated from each other or are not shovel-ready, and continuity is not achieved. The Challenge Despite the wide acknowledgment of their importance to global development and environmental health, the world’s oceans are threatened by mismanagement, the effects of climate change, and poorly understood interactions within and between oceanic and terrestrial sectors. Investments in oceanic development are often isolated to individual industries, exacerbating conflicts over resources and space. To realize this potential, African countries need access to finance that spans grant financing, debt relief, and equity financing. As a range of financing instruments are made available, there is a need to shift from separate, isolated investments in individual sectors to a more integrated, holistic ridge-to-reef approach. There is a need for cohesive, systematic management of marine and coastal areas. The World Bank is available to help countries with mobilizing capital for investments. It also provides technical support and learning from its portfolio of more than US7 billion dollars of ongoing investments in oceanic and ocean-related sectors. These investments take various forms, including concessional and non-concessional loans, blue bonds, marine conservation endowment funds, carbon credit, parametric insurance, and debt for climate swaps. The real challenge lies in operationalizing solutions and articulating the need to engage financiers to catalyze a truly collaborative effort to reach the common objective of keeping coastal and marine areas pollution-free and productive.en
dc.identifierhttp://documents.worldbank.org/curated/en/099031725152549515
dc.identifier.doi10.1596/42987
dc.identifier.urihttps://hdl.handle.net/10986/42987
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesBlue Economy for Resilient Africa Program
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectWELL-BEING
dc.subjectCLEAN WATER
dc.subjectCOASTAL AND MARINE CHALLENGES
dc.subjectBLUE CARBON FINANCE
dc.subjectNATURAL ASSETS PROTECTION
dc.subjectCLIMATE ACTION
dc.titleFinancing Options and Instrumentsen
dc.typeBrief
dspace.entity.typePublication
okr.date.disclosure2025-03-25
okr.date.lastmodified2025-03-21T06:02:55Zen
okr.doctypeBrief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099031725152549515
okr.guid099031725152549515
okr.identifier.docmidP180103-64826dde-6047-4564-b051-399b023767ee
okr.identifier.externaldocumentum40001347
okr.identifier.internaldocumentum40001347
okr.identifier.report197917
okr.import.id6938
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099031725152549515/pdf/P180103-64826dde-6047-4564-b051-399b023767ee.pdfen
okr.region.geographicalCentral Africa
okr.region.geographicalWest Africa
okr.sectorFY17 - Other Public Administration,FY17 - Fisheries
okr.sectorPublic Administration,Agriculture, Fishing and Forestry
okr.themeFY17 - Infrastructure Finance,FY17 - Climate change,FY17 - Adaptation,FY17 - Biodiversity,FY17 - Coastal Zone Management,FY17 - Mitigation,FY17 - Renewable Natural Resources Asset Management,FY17 - Fisheries Policies and institutions,FY17 - Finance for Development,FY17 - Oceans
okr.themeFY17 - Environment and Natural Resource Management,FY17 - Finance
okr.topicEnvironment::Climate Change and Environment
okr.topicEnvironment::Coastal and Marine Environment
okr.topicEnvironment::Environmental Economics & Policies
okr.topicEnvironment::Marine Environment
okr.topicEnvironment::Natural Resources Management
okr.unitMNA ENR PM (SMNEN)
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