Background

Blue finance in Philippines

 Blue finance is designing with key actors a co-management agreement for the MPA network of Oriental Mindoro, Philippines.

Blue finance and partners are exploring the potential of a co-management agreement for the Northern Cluster of the Oriental Mindoro MPA network. The agreement will cover 450km2 of coastal marine ecosystems and 70km of coastline. The MPAs are expected to restore the marine biodiversity, improve the attraction for the dive tourism industry, create significant job opportunities and provide protection from sea level rise, flooding and drought.
Background