PASIG CITY, 28 August 2025— The Philippine government is taking steps to strengthen the financial protection of Filipino communities from climate- and disaster-related risks through climate and disaster risk finance and insurance (CDRFI). On August 13, the Department of Finance (DOF) convened a national dialogue to inform CDRFI priorities, including those that can be supported by the Global Shield against Climate Risks.  A joint initiative of the Vulnerable Twenty (V20) Group of Finance Ministers and the G7 (Group of Seven), the Global Shield against Climate Risks aims to strengthen the financial protection and resilience of climate-vulnerable countries and communities. [...]