The Philippine government has secured \u20ac200-million funding from Germany\u2019s third-largest bank, KfW Development Bank (KfW), for the protection of marine resources and coastal communities.<\/p>\n
\u201cBy strengthening the foundations of the blue economy, we are securing livelihoods, raising incomes, and reinforcing a vital engine of national growth, today and for the future,\u201d Department of Finance (DOF) Secretary Frederick Go said during the ceremonial signing of the agreement on Tuesday.<\/p>\n
In a news release on Wednesday, the DOF said the development financing program for the Marine Ecosystems for Blue Economy Development Program, Subprogram 1 (MEBED1) \u201caims to enhance regulatory capacities for the protection, restoration, and sustainable management of marine and coastal resources.\u201d<\/p>\n
\u201cThe financing will build on the gains achieved under the MEBED Program and support key government reforms and operations aimed at addressing core development challenges in coastal and marine ecosystems,\u201d it added.<\/p>\n
The program is expected to generate increased and sustainable livelihoods for more than three million people, including fisherfolk, aquaculture operators, and tourism workers, boosting national income and strengthening the resilience of coastal communities. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
The funding boost is expected to enhance marine conservation programs nationwide.<\/p>\n","protected":false},"author":1,"featured_media":6470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-6469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"1760":"eco investment \ud83d\udcb6\r","1761":"nature protection \ud83c\udf0d\r","1762":"gud devlopmnt sa blue econmy \ud83d\udcc8\r","1763":"nature protection priority dapat \ud83c\udf0d\r"}]},"_links":{"self":[{"href":"https:\/\/greeninc.ph\/index.php?rest_route=\/wp\/v2\/posts\/6469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greeninc.ph\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greeninc.ph\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greeninc.ph\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/greeninc.ph\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6469"}],"version-history":[{"count":0,"href":"https:\/\/greeninc.ph\/index.php?rest_route=\/wp\/v2\/posts\/6469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greeninc.ph\/index.php?rest_route=\/wp\/v2\/media\/6470"}],"wp:attachment":[{"href":"https:\/\/greeninc.ph\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greeninc.ph\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greeninc.ph\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}