WASHINGTON DC, 19 October 2022 – At the recently held annual meetings here of the International Monetary Fund (IMF) and World Bank, the Vulnerable 20 Group of Finance Ministers (V20) called for debt restructuring and other global financing reforms to help them manage the economic threats of both debt and climate change. The Philippines was the founding chair of the V20 in its establishment in 2015.
3 FEBRUARY 2021, Quezon City – The Department of Finance (DOF) and Climate Change Commission (CCC) today organized a public consultation on the Philippines’ climate action plan, or Nationally Determined Contribution (NDC) to the Paris Agreement. The latest draft NDC would see the country committing to reduce emissions by 75 percent, 2.33 percent of which [...]
MANILA, 16 August 2019 – “The Philippine government is keen on strengthening its policies on climate financing,” Department of Finance (DOF) Secretary Carlos Dominguez stated in his remarks for today’s forum on climate-smart micro, small, and medium enterprise (MSME) insurance in vulnerable and emerging economies. “The challenges posed by climate change demand all hands be [...]
PHOTO: Finance Secretary Carlos Dominguez signs local climate fund agreements with 4 LGUs on March 7. (c) AC Dimatatac/ICSC REACTIVE MANILA, March 7, 2018 – A Manila-based international climate policy group applauded the Duterte administration’s move granting close to P200 million in climate funds to four local governments. The approval is a response to communities [...]