ADB Approves $500 Million Policy Loan to Anchor Philippines’ Blue Economy Strategy

The Philippines is advancing marine protection through a new National Blue Economy Framework backed by over $1 billion in international funding, including a $500M ADB loan and co-financing from France and Germany.
The initiative aims to restore coastal ecosystems, curb pollution, and strengthen resilience for inclusive growth. With oceans underpinning fisheries, tourism, shipping, and energy—critical to livelihoods for over half the population—the program positions marine health as central to the nation’s economic future amid intensifying climate risks.
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