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Next phase in restoring Indonesia’s fisheries coming from Walton

Staff Writer |
At the Economist’s fourth annual World Ocean Summit, the Walton Family Foundation outlined its five-year strategy for sustainable fisheries across Indonesia, building on 10 years of work with fishermen and the government.

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Indonesia’s seafood industry is the second largest in the world, generating $5 billion in export revenue and employing more than 9 million people.

Studies have estimated the country’s fishing industry could generate $2.3 billion more in revenue if its fisheries were sustainably managed.

The Walton Family Foundation’s strategy will build upon the relationships and successes over the past 10 years.

It is investing $32 million through the end of 2020 on initiatives that partner with the government, local partners, NGOs and businesses to advance fishing policies and practices that align Indonesia’s environmental, social and economic interests.

For the past three decades, the Walton Family Foundation has invested in conservation solutions that make economic sense.

The foundation is focused on tackling one of the major threats to our oceans – overfishing – by identifying sustainable, locally-managed solutions that lead to more sustainable fisheries and more vibrant communities.

It is currently working in the United States, Mexico, Peru, Chile and Indonesia.

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