IBRD Trust Funds - World Bank

Purpose

This project aims to support the Government of Indonesia in building healthier, more productive, and more resilient coral reefs and their associated ecosystems (seagrass meadows, mangroves) and expand access to economic opportunities for coastal communities. Project activities include: (1) supporting coral reef restoration activities and frameworks; (2) building technical capacity to improve the management of marine protected areas; and (3) addressing the issue of marine plastic waste; and, (4) developing financing tools and other strategies to strengthen coastal livelihoods. Direct beneficiaries include 80,000 people in 250 villages, while indirect beneficiaries include millions in coastal areas in the 10 target provinces. Canada’s support complements and leverages a loan of US$200 million from the International Bank for Reconstruction and Development to the Indonesian Ministry of Marine Affairs and Fisheries. -Commitments/Priorities contributing to: The Indo-Pacific Strategy and to the Middle Income Strategy; Canada’s climate commitments under the Paris Agreement; SDGs (1, 2, 8, 13, 14, 15). It is well aligned with GoI National Determined Contributions (NDCs) and directly supports the objectives of the High Level Panel for a Sustainable Ocean Economy, of which PM Trudeau and President Joko Widodo are both members. Potential G-20 Announceable –linked to the G20 Presidency of Indonesia.