Philippine fisheries production to rebound in H2 2025 on govt support

Philippine fisheries production is projected to rebound in the second half of 2025 following a 2.6 percent contraction in the second quarter.

The decline was primarily attributed to reduced performance in commercial and marine municipal fisheries, despite modest growth in inland and aquaculture sectors.

BFAR anticipates improved output due to new government support projects like the FishCoRe Project, a $200 million initiative co-financed with the World Bank.

France, through AFD, is also preparing a €150 million policy-based loan, co-financed with the Asian Development Bank, to support the Philippines' fisheries, marine biodiversity, and climate resilience programs.

This French support will focus on reforms impacting the ocean and assisting with the rehabilitation of abandoned aquaculture areas.

Additionally, AFD is exploring further support for the Philippines' transition towards low-carbon and climate-resilient development through its 2050 Facility program.