| Marine biotechnology and developing countries |
The IDB has done extensive lending in the field of fisheries. Many of these loans are directed to private fishing fleets and fish processing plants. While there are a few aquaculture and research oriented activities funded by IDB, the overall picture is one of limited funding in sectors related to marine biotechnology. The IDB would probably be interested in providing loans for activities that would improve current aquaculture practices or set up marine natural product development (Peacock 1991).
The Asian Development Bank (ADB) has been investing in aquaculture and fisheries in countries like Bangladesh, Burma, Indonesia, Pakistan, Sri Lanka and Thailand. The GIFT project at ICLARM is an example of such projects (see discussion in the section on ICLARM, page 82). In view of biotechnology's long history in the South East Asian countries, projects amalgamating aquaculture and biotechnology seems feasible. If such projects were developed, the ADB would probably be interested in providing loans to fund them.
The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the Andean (CorporaciÃ³nDevelopment Corporation (CorporaciÃ³n Andina de Fomento), and the African Development Bank (AFDB) are, or have been, involved in aquaculture projects. In addition, they are increasing their support for biotechnology projects. These regional banks would probably assess proposals for marine biotechnology projects like any other project; that is, in terms of their likely return on investment.