The Dutch government agency has contributed $5m.

Meloy Fund I, an impact investment fund focusing on sustainable fishing in Indonesia and the Philippines, has closed at more than $22m, it was announced this week.

The fund has been supported by the Dutch development bank FMO to the tune of $5m. “FMO is proud to join the Meloy Fund and contribute to the creation of economic opportunities for small-scale fisheries in Indonesia and the Philippines” said Maurice Scheepens, investment officer of the Agri, Food & Water department at FMO.