ADB approves $500M loan for PH blue economy development

Updated Fri, December 12, 2025 at 2:24 AM Published Thu, December 11, 2025 at 10:02 AM

The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines for the Marine Ecosystems for Blue Economy Development Program.

This initiative aims to restore marine ecosystems, enhance ocean-based industries, and bolster the resilience of coastal communities.

The program will also address plastic and solid waste pollution and encourage investments in natural capital.

Agence Française de Développement and Germany's KfW Development Bank will provide co-financing of up to €200 million each.

The loan comes with concessional rates and favorable terms, payable in 15 years, including a three-year grace period.

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