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Clean and Sustainable Ocean Partnership between ADB and EIB

Published on January 19, 2021
Current Context: The Asian Development Bank (ADB) and the European Investment Bank (EIB) have collaborated to enhance clean and ocean partnership between them in order to achieve Sustainable Development Goals (SDG). 
Clean and Sustainable Ocean Partnership between ADB and EIB
  • They have also partnered to achieve climate goals under the Paris Agreement. 
  • Both ADB and EIB will jointly work to protect the oceans and support the sustainable blue economy.
  • Both the entities will work for initiatives which are held in the Asia-Pacific region to achieve SDG and climate protection goals. 
  • This partnership will help to expand the ocean projects and technical assistance programs of both ADB and EIB. 
  • Static Part: 
    • About ADB: HQ: Mandaluyong, Manila, Philippines
    • President: Masatsugu Asakawa
    • About EIB: HQ: Kirchberg, Luxembourg
    • Secretary-General: Marjut Falkstedt


Q.1 With whom Asian Development Bank partnered to protect oceans and support the blue economy?
a. World Bank
b. Organisation for Economic Co-operation and Development (OECD)
c. European Investment Bank (EIB)
d. World Trade Organization (WTO)
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