Belize, Feb. 3 -- The World Bank's Board of Executive Directors approved a new project to help Belize advance the blue economy - an economy based on the sustainable use of ocean and coastal resources for economic growth while protecting the environment and improving livelihoods. The $32.23 million initiative will focus on improving the management of coastal and marine resources, increasing safe water supply, and reducing land-based pollution in targeted urban areas. Belize faces significant environmental and economic pressures, ranking third among small island developing states in disaster risk. Its renowned barrier reef - the largest in the northern hemisphere - has dramatically declined from a 'fair' to a 'poor' health rating, due to over...