The Philippine government has secured another 200 million euros ($230 million) in financing from French development agency Agence Française de Développement (AFD), this time for a program aimed at protecting marine ecosystems and developing the country’s blue economy.

In a statement on Thursday, the Department of Finance (DOF) said the financing, equivalent to around P14 billion, will fund the Marine Ecosystem for Blue Economy Development (MEBED) 1. The program is expected to generate sustainable livelihoods for more than three million people, including fisherfolk, aquaculture operators and tourism workers.

This marks the second 200-million-euro financing secured by the DOF this week, following a separate agreement with AFD to support food security among low-income families.