Multi-sector group to be set up to boost financial protection from disaster risks [BusinessWorld]
A HOUSE panel approved on Wednesday a resolution creating a multisectoral group that will enhance the country’s financial protection against climate and disaster risks, especially for the most vulnerable sectors. Bohol Rep. Edgar M. Chatto, author of House Resolution No. 213, told the climate change committee that the Philippines must boost its climate and disaster risk financing and insurance (CDRFI) mechanisms to provide social protection to communities that suffer the most from the impact of extreme weather patterns.