WB, World Bank (2021) A Sustainable ocean economy is key to Indonesia’s prosperity. World Bank (WB), Washington.
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A sustainable ocean economy will be critical to Indonesia in achieving resilient coastal livelihoods, a healthy marine environment, and a thriving national economy, according to Oceans for Prosperity: Reforms for a Blue Economy in Indonesia, a report released today by the World Bank. Oceans are already central to Indonesia’s prosperity, with a fishery sector worth around US$27 billion, supporting 7 million jobs, and providing over 50 percent of the country's animal-based protein needs. But there are challenges to Indonesia's marine and coastal ecosystems that, if not managed, could undermine the potential of the country's ocean economy. About 38 percent of the nation’s marine capture fisheries are overfished, around one-third of Indonesia’s valuable coral reefs are in poor condition, important coastal ecosystems such as mangroves show substantial losses, and marine debris costs the economy over US$450 million per year. Some popular marine and coastal tourism destinations are showing the effects of overcrowding and inadequate basic infrastructure. “The Government of Indonesia has been working towards a blue economy strategy to improve the governance of marine and coastal ecosystems, achieve equal economic opportunities, and promote livelihoods, including by setting ambitious targets to reduce marine debris as well as restore and conserve mangrove and other oceans ecosystems. We look forward to increasing collaboration with other partners to further strengthen and implement a sustainable ocean economy,” said Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investment. To support the government’s strategy and actions, the report provides several recommendations. For sustainable and productive fisheries, the government could implement the national fishery management area system and strengthen the country’s growing expanse of marine parks areas, potentially with the support of a national endowment fund and partnerships with the private sector.
| Item Type: | Documents |
|---|---|
| Keywords: | Sustainable Fisheries, Indonesia, Coastal Ecosystems, Jobs, Livelihoods, Marine Environment, Fisheries Management |
| Subjects: | Right to Resources |
| Depositing User: | Jeeva ICSF Rajan |
| Date Deposited: | 23 Dec 2021 06:35 |
| Last Modified: | 23 Dec 2021 06:37 |
| URI: | http://icsfarchives.net/id/eprint/6013 |
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