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Economy

France helps PH protect marine ecosystems, create sustainable livelihoods

The Philippines is set to strengthen the protection of its marine ecosystems resources and expand opportunities in the blue economy with EUR 200 million in financing from the French development bank, Agence Française de Développement (AFD) for the Marine Ecosystem for Blue Economy Development (MEBED) 1. This program is expected to generate increased and sustainable […] The post France helps PH protect marine ecosystems, create sustainable livelihoods appeared first on Department of Finance .

Source: Philippines Department of Finance · August 13, 2026 at 7:40 AM · AI-assisted report

France helps PH protect marine ecosystems, create sustainable livelihoods
Image: dof.gov.ph

KUALA LUMPUR, 13 AUGUST 2026 —

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**France to Inject EUR 200 Million for Philippine Marine Conservation and Blue Economy**

Market Impact

MANILA, Aug 13 — The Philippines will receive EUR 200 million in financing from France’s development bank, Agence Française de Développement (AFD), to protect marine ecosystems and expand sustainable livelihoods under the Marine Ecosystem for Blue Economy Development (MEBED) program. The initiative aims to benefit over three million people, including fisherfolk, aquaculture operators, and tourism workers, while strengthening coastal resilience and national income.

The program, secured by the Department of Finance (DOF), will fund policy reforms to safeguard marine resources, improve solid waste management, and promote investments in the blue economy. Finance Secretary Frederick D. Go highlighted the link between marine protection and climate resilience, stating that cleaner oceans are vital for coastal communities’ livelihoods.

The AFD financing is co-financed by the Asian Development Bank (ADB), reinforcing the Philippines’ partnerships with multilateral institutions. French Ambassador Marie Fontanel emphasized the program’s role in reducing plastic marine debris and fostering sustainable economic opportunities. AFD Country Director Benedicte Gazon noted the long-standing France-Philippines collaboration on sustainable growth and ecosystem resilience.

Secretary Go acknowledged AFD’s support, reaffirming the government’s commitment to ensuring investments translate into tangible benefits for Filipinos. The program aligns with broader efforts to balance economic growth with environmental sustainability.

**Malaysia Market Impact** Details not yet available **Sector and Company Specifics** Details not yet available

**Outlook** The MEBED program is expected to enhance the Philippines’ blue economy by integrating conservation with economic development. With co-financing from ADB, the initiative may serve as a model for regional marine protection efforts. Further details on project implementation and Malaysia’s potential engagement remain undisclosed.

Reporting based on Philippines Department of Finance. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.