Federal Minister for Economic Cooperation and Development, Dr Gerd Müller, at the presentation of the two new initiatives, ‘Blue Ocean Fund’ and ‘Save our mangroves now’.
Photo: © BMZ/Phototek, Michael Gottschalk

13.06.2017

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The German Federal Minister for Economic Cooperation and Development presented the Blue Action Fund and the ‘Save our mangroves’ initiative at the first UN Ocean Conference in New York. This is a further contribution by Germany to international marine conservation

Pollution, overfishing and climate change are putting pressure on the world’s oceans, threatening the livelihoods of millions of people, particularly in developing countries. Many small island states have already been impacted by floods, with devastating consequences for their inhabitants. In this context Federal Minister for Economic Cooperation and Development, Dr Gerd Müller, presented two initiatives for protecting the oceans at the first UN Ocean Conference, held at the UN Headquarters in New York from 5-9 June: the ‘Blue Ocean Fund’ and ‘Save our mangroves now’.

Blue Action Fund

The Blue Action Fund, created by the German Federal Ministry for Economic Cooperation and Development (BMZ), is an innovative fund for marine conservation and coastal protection. It will initially have funding of EUR 24 million and is aimed at NGOs involved in marine conservation and coastal protection. The first projects are concentrating on Africa, Latin America and the small island states.

The Blue Action Fund is managed by the KfW Entwicklungsbank on behalf of the BMZ.

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