The FiCS Ocean Coalition Releases a Joint Statement at the Blue Economy and Finance Forum in Monaco

On June 8, 2025, on the occasion of the Blue Economy and Finance Forum in Monaco, and ahead of the United Nations Ocean Conference (UNOC3) in Nice, the Finance in Common Ocean Coalition released a Joint Statement reaffirming its collective ambition to scale up sustainable, inclusive, and resilient ocean finance.

This milestone statement, endorsed by 20 Coalition’s Public Development Bank (PDB) members, highlights the Coalition’s commitment to:

• Scale up capital for a sustainable ocean economy, from coastal protection to marine energy and sustainable fisheries.
• Deploy diverse financial tools — from concessional loans to blended finance — to unlock innovation and de-risk investments.
• Join forces on critical priorities like marine pollution, biodiversity protection, and sustainable blue value chains.
• Improve transparency and aligning with global standards to track, compare, and grow sustainable ocean finance.

READ THE JOINT DECLARATION

Today, the Ocean Coalition represents an average annual investment of USD 7.5 billion dedicated to sustainable blue finance. Its members are already financing a wide range of sectors — from marine biodiversity and sustainable fisheries to clean ports, wastewater infrastructure, and coastal protection. However, the gap remains significant. The Joint Statement is both a call to action and a commitment to lead by example.

Since its official launch at the 2023 Finance in Common Summit in Cartagena, the FiCS Ocean Coalition has grown into a dynamic platform for aligning strategies and financing solutions for the ocean. It brings together PDBs operating at international, regional, national, and local levels, demonstrating the power of public finance to drive systemic transformation.

By publishing this statement just before the official segment of UNOC3, the Coalition aims to contribute meaningfully to the global dialogue on ocean finance — and to position Public Development Banks as central actors in building a sustainable blue economy.