DAVAO CITY (MindaNews / 02 June) – The Asian Development Bank (ADB) has allotted $400 million (P22.32 billion at current rates) to support blue economy initiatives in Mindanao, in line with the efforts for the broader development of the Brunei Darussalam, Indonesia, Malaysia, Philippines – East ASEAN Growth Area (BIMP-EAGA) sub-economic grouping.
Abdulraof Macacua, interim chief minister of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), disclosed the ADB funding following his attendance to the 16th BIMP-EAGA meeting on May 27 in Kuala Lumpur, as a member of the Philippine delegation, on May 27 in Kuala Lumpur, Malaysia.
The high-level meeting was…