Sargassum in Manchioneal, Jamaica
The World Bank says the Sargassum seaweed has inflicted $120 billion in damage and clean-up costs across the Caribbean.
The bank says, as a result, it has now become a multi-sectoral challenge affecting marine life and to the livelihoods of many people in the region.
Lilia Burunciuc, World Bank's director for the Caribbean, says he bank wants to transform this eco-challenge into an engine of opportunity for the people of the region and to their economies.
She also pointed out that the bank is currently investing in a renewable gas production project in Barbados, a fertiliser and bio-stimulant project in St. Lucia, and community led adaptation projects in Belize, Grenada, and St. Lucia.
These projects have been identified in the areas of bioenergy, composting, and dried biomass.
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