PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

506049

Primary Business Area

Other

Disclosure Date

May 25, 2009

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

IFC Approval Date

Mar 7, 2007

Status

Completed

Estimated Total Budget

$7,365,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 26, 2017

Project Estimated Start Date

Sep 10, 2000

Project Description

The project uses conservation management and rehabilitation to ensure the health of coral reef ecosystems and their contribution to poverty alleviation and food security, by 1) transforming at least 17 percent of the worldwide marine aquarium industry, 2) establishing marine management areas, and 3) increasing awareness of the benefits of harvesting marine ornamentals in a manner that conserves global biodiversity. The objective is to transform the marine aquarium trade of the Philippines and Indonesia to ecological and economic sustainability.