ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 69 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Funds and Resources
ADB offers loans, grants, and technical assistance from Special Funds, Trust Funds, and other sources to help reduce poverty in Asia’s poorest countries.
Ocean Resilience and Coastal Adaptation Trust Fund
What is the fund?
The Ocean Resilience and Coastal Adaptation Trust Fund (ORCATF) was established in March 2023 to increase the quantity and quality of investments in ocean health (including resilience and the blue economy) and coastal adaptation.
What are the priorities?
The ORCATF will contribute to climate-resilient and nature-positive sustainable development in Asia and the Pacific. It will focus on upstream planning, project preparation and capacity development for implementing investments in ocean health and coastal adaptation.
What kind of activities are eligible?
The ORCATF will provide grant finance for ocean-positive project origination and preparation in all areas that contribute to measurable ocean health and resilience with a focus on nature-based solutions, ecosystem management and restoration. Activities should be integrated with ocean- and coastal-related components of national plans and commitments, such as nationally determined contributions and national adaptation plans, finance frameworks and fiscal policies, and environmental tax reform. Projects that can demonstrate they enhance donor co-ordination and/or facilitate new source of private sector finance will be prioritised.
Who is eligible to receive support?
The ORCATF has a Pacific window and an Asia Window to support project origination through regional approaches such as the Blue Pacific Finance Hub and, for the Southeast Asia Department, complementary support to the Blue Southeast Asia (SEA) Finance Hub’s activities.
Developing member countries eligible for support from the ORCATF include all those that border the ocean, a sea, or a major river that drains to the ocean. Initial priority countries include Cambodia, India, the Maldives, the Marshall Islands, Tonga and Vietnam.
Who supports the fund?
The ORCATF was established with $13 million in grant commitments from the Nordic Development Fund and UK Foreign, Commonwealth and Development Office. The Blue Pacific Finance Hub has leveraged an additional $10 million from the GEF Least Developed Countries Fund and more is anticipated.