THE Philippines must utilize its ocean resources through a sustainable 'blue economy' strategy to drive inclusive economic growth and ensure long-term ecological flexibility, the Asian Development Bank (ADB) said in its latest analysis series published this month.
THE Philippines must utilize its ocean resources through a sustainable 'blue economy' strategy to drive inclusive economic growth and ensure long-term ecological flexibility, the Asian Development Bank said in its latest analysis series published this month.
However, the country still faces major institutional and environmental hurdles that are holding back the full development of its blue economy, the report said, reiterating the Philippines continues to suffer from widespread environmental degradation, including marine pollution and declining coastal biodiversity.
Urges Country To Unlock Potential Of Ocean Resources
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