Bloomberg Philanthropies yesterday announced its ground-breaking Vibrant Oceans Initiative, a five-year commitment of US$53 million to reserve declining fish supplies and keep oceans thriving in the Philippines and two other countries. Working with Rare, Oceana and EKO Asset Management Partners, the program is the largest philanthropic commitment to internationally reform fisheries management to date, the first to target both small-scale and industrial fishing management, and the first to integrate a private capital strategy into a reform effort in the Philippines, Brazil, and Chile. Rare will lead the small-scale fishery portion of the initiative in the Philippines.

Program launched to strengthen Philippine fisheries, coastal area. (2014, February 5). Manila Bulletin, p. B-3.