Philippines taps 200-M euro KfW Bank loan for ‘blue economy’

MANILA, Philippines — The Department of Finance has obtained 200 million euros in financing from Germany’s KfW Development Bank to support the protection of marine ecosystems and expand livelihood opportunities for coastal communities. Dubbed the “Marine Ecosystems for Blue Economy Development Program, Subprogram 1” (MEBED1), the financing aims to strengthen regulatory capacity for the protection, restoration