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World Bank proposes global coalition to save oceans

 The World Bank was on Friday to propose a coalition of governments, global organisations and other groups to protect the oceans, aiming to raise $1.5 billion in the next five years for the purpose.

World Bank president Robert Zoellick was to tell a global conference in Singapore that the new partnership would bring together various groups to confront problems of over-fishing, marine degradation and loss of habitat.


"The world's oceans are in danger, and the enormity of the challenge is bigger than one country or organisation," Zoellick, who is in Singapore for the World Oceans Summit, was expected to say, according to prepared remarks released by the World Bank ahead of his speech.

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