- Year established 2023
- Partners Nordic Development Fund, United Kingdom
- Cumulative Contributions Committed $13 million
The Ocean Resilience and Coastal Adaptation Financing Partnership Facility (ORCA-FPF) aims to scale up investments across coastal areas and the blue economy. The facility includes (i) the Ocean Resilience and Coastal Adaptation Trust Fund (ORCATF), a multi-partner fund to support technical assistance, grant components of investment projects, and other activities that ADB may agree upon with financing partners; and (ii) additional partnership agreements that can be arranged during the ORCA-FPF implementation period.
The ORCATF was established with $13 million in grant commitments from the Nordic Development Fund and the United Kingdom’s Foreign, Commonwealth and Development Office.
In 2024, nine projects were approved under the ORCATF, totaling $8.8 million. These projects are focused primarily on the Pacific region and on addressing coastal resilience and pollution control. In the same year, ADB successfully leveraged $10 in additional funding for every $1 invested by the ORCATF, amplifying the impact of the fund.
Trust Funds
Ocean Resilience and Coastal Adaptation Trust Fund
| Year Established | 2023 |
|---|---|
| Partner | Nordic Development Fund, United Kingdom |
| Cumulative Contributions Committed | $13 million |
| Project Commitments | |
| Grants | $1 million for 1 project |
| Technical Assistance | $2.2 million for 3 TA projects |
| Direct Charges | $100,000 for 1 activity |
The Ocean Resilience and Coastal Adaptation Trust Fund 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.
The trust fund 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 will be integrated with ocean- and coastal-related components of national plans and commitments, such as (i) nationally determined contributions and national adaptation plans; (ii) finance frameworks and fiscal policies; and (iii) and environmental tax reform. Projects that can demonstrate that they can enhance donor coordination and/or facilitate new sources of private sector finance will be prioritized
Projects
