Manila-Based Adb: Oceans and Fish Stocks

manila-based adb: But our oceans are in danger, ADB President Takehiko Nakao said in his opening address at the bank's annual meeting in Nadi on Friday, according to The Japan Times. Noting that rising water temperatures, untreated wastewater and plastic pollution are damaging the oceans, Nakao warned, If we do not act now, by 2050, 90 percent of the region's coral reefs will be dead, and there will be no commercially exploitable wild fish stocks left. The Manila-based ADB also plans to support sustainable tourism and fishery operations in the region, its Japanese president said. ; Healthy oceans are essential to our planet and for millions of people in Asia and the Pacific. The 5 billion will cover four areas, including the development of sustainable port infrastructure. The ADB will also provide technical support while working to attract private-sector investment. The aid will help countries in the region reduce, reuse and recycle plastic waste and address other marine pollution problems, the former vice finance minister for international affairs said. (news.financializer.com). As reported in the news.