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ADB approves $3.8 million support for development of coral reef insurance
The Asian Development Bank (ADB) this week approved $3.8 million to support the restoration, conservation, and management of coral reefs in four countries in Southeast Asia and the Pacific.
The project, financed by the Asia-Pacific Climate Finance Fund (ACliFF) and the Global Environment Facility will develop climate risk financing and insurance solutions to protect coral reef ecosystems in Fiji, Indonesia, the Philippines, and Solomon Islands.