The document discusses the establishment of the Global Partnership for Oceans by the World Bank to address threats to ocean health and human well-being. A Blue Ribbon Panel of ocean experts was convened to provide strategic guidance to the partnership. The panel identifies five guiding principles: sustainable livelihoods, social equity and food security; a healthy ocean; effective governance; long-term viability; and capacity building and innovation. The panel recognizes regional variation requires flexible, not "one-size-fits-all" solutions. The ocean faces rapid deterioration from pollution, overfishing, climate change threatening its ability to support hundreds of millions of people.