NEW YORK, Dec. 22, 2010 /PRNewswire/ -- See video from Asian Development Bank at:
The Asian Development Bank (ADB), the Global Environment Facility (GEF), and the Australian Institute of Marine Science (AIMS) are helping five Pacific countries manage their marine resources in the Coral Triangle. The project is part of ADB's commitment to the Coral Triangle Initiative (CTI) - a regional effort to preserve and manage Asia-Pacific's marine resources. ADB is coordinating the mobilization of financial support for the CTI plan of action, in consultation with development partners. The ADB Board of Directors has approved a technical assistance of $1.15 million for Fiji Islands, Papua New Guinea, Solomon Islands, Timor-Leste, and Vanuatu as part of the Strengthening Coastal and Marine Resources Management in the Coral Triangle of the Pacific (Phase 2) regional technical assistance project.
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