ADB Pledges $400 Million for Blue Economy Projects in Southern Philippines
The Asian Development Bank (ADB) has committed $400 million to support blue economy initiatives in the Mindanao region of the Philippines.
The funding aims to improve coastal livelihoods, strengthen marine ecosystems, and boost sustainable development in the Bangsamoro region. Bangsamoro Chief Minister Ahod Ebrahim stated that the investment could significantly uplift coastal communities through job creation and environmental protection.
The initiative reflects broader regional efforts to advance sustainable economic growth through marine-based industries.
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