The Philippines has been selected anew by Bloomberg Philanthropies as one of the priority countries for its Vibrant Oceans Phase II—making an investment of USD $86 million, it said in a press statement. The fund is to be shared with Australia, the Bahamas, Chile, Fiji, French Polynesia, Indonesia Tanzania, Peru and the United States. These countries were chosen because they are home to priority coral geographies, are top fishing nations, and/or are countries where fish is a major food source.

Vibrant Oceans Initiative backs Oceana PH drives. (2018, November 17). Manila Standard, p. A5.