ADB promotes and invests in nature and environmental sustainability to achieve economic growth and reduce poverty in Asia and the Pacific.

Blue SEA Finance Hub

Proactively Accelerating the Blue Economy in ASEAN

In support of ADB’s Action Plan for Healthy Oceans and Sustainable Blue Economies, and in line with ADB’s Oceans Financing Initiative, the Blue SEA (Southeast Asia) Finance Hub was established in November 2021.

The Hub is supported by the ADB-administered ASEAN Catalytic Green Finance Facility (ACGF) and based in ADB’s Indonesia Resident Mission in Jakarta. It aims to eventually support the entire Association of Southeast Asian Nations (ASEAN) region.


The hub aims to address the challenges in mitigating oceans pollution and adapting to climate change impacts by:

accelerating the development of a pipeline of ‘blue’ projects that improve the sustainability and conservation of the region’s oceans, water bodies and marine ecosystems

catalyzing a large flow of capital from both public and private sources into well designed blue projects

To reach these ambitious objectives, the Blue SEA Finance Hub’s methodology focuses on:
Identifying and structuring (financially) of ocean health projects

Identifying and structuring (financially) of ocean health projects for better bankability, optimal risk-sharing, and credit worthiness, to attract funding from all sources public and private

Enhancing capacities

Enhancing capacities of central and local governments and state-owned enterprises on oceans, blue and Sustainable Development Goal (SDG) 14-related project frameworks, circular economy approaches, and innovative finance mechanisms and instruments

Supporting upscaling of small and medium-sized enterprises

Supporting upscaling of small and medium-sized enterprises (SMEs) with relevant technologies or services contributing to ocean health

The Hub will help ASEAN countries develop and finance blue projects with a target of creating bankable projects worth $300 million by 2024 funded by ADB to catalyze a multiple of at least three times capital from other sources, including development financial institutions, philanthropies, and private, institutional and commercial (PIC) financiers.

Activity Pillars

The Hub activities will be based on these five pillars:

Blue SEA Finance Hub Activity Pillars

Action Plan for


Commitment: $5 billion by 2024

ADB’s overall Action Plan for Healthy Oceans and Sustainable Blue Economies will expand financing solutions and technical assistance for ocean health protection and its biodiversity conservation and marine economy projects up to $5 billion from 2019 to 2024, with ADB financing and support of ADB’s partners.

It will focus on four areas:

Creating inclusive livelihoods and business opportunities in sustainable tourism and fisheries

Protecting and restoring coastal and marine ecosystems and key rivers

Reducing land-based sources of marine pollution, including plastics, wastewater, and agricultural runoff

Improving sustainability in port and coastal infrastructure development

Flagship Programs

Mainstreaming Blue in Key Sectors