‘Coral Triangle’ Gets $1.5m Gift
MANILA ~ The Asia Development Bank (ADB) is to give US$1.5 million to protect seas and rainforests in the so-called “coral triangle,” the Manila-based lender said on Wednesday.
The coral triangle, which includes areas of Brunei, Indonesia, Malaysia and the Philippines, has the highest marine biodiversity in the world, according to the ADB.
The region also covers 22 million hectares that are home to orangutans, Asian elephants and Sumatran rhinos.
The grant will fund the World Wildlife Fund for Nature to carry out research in the four countries to develop strategies to manage the area’s natural resources.
The four governments will each contribute $50,000 to the project.
Environmental degradation in the area “threatens millions of people who rely on the natural resources for their livelihoods,” said Urooj Malik, an ADB regional director.Filed under: Headlines