Where the impacts of the investment may be experienced.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-05-08
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Government of the Philippines
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
- Climate and Environment
- Technical Cooperation
Project Cost (USD): $ 0.15 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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Philippines Program for Climate Resilience: TA for the Risk Resiliency and Sustainability Program
The objective of the Program for Climate Resilience: TA for the Risk Resiliency and Sustainability Program Project is to increase the capacity of the Government of the Philippines to prepare the Risk Resiliency and Sustainability Program and enhance readiness for initiating its implementation. The grant’s activities will support the Government’s key adaptation priorities and means of implementation articulated in the Philippines’ (intended) Nationally Determined Contribution under the Paris Agreement. These include: (1) the rolling-out of science-based climate and disaster risk and vulnerability assessment process as the basis for mainstreaming climate and disaster risks reduction in development plans, programs and projects; (2) the development of climate and disaster-resilient ecosystem(s); (3) the enhancement of climate and disaster-resilience of key sectors; (4) the systematic transition to a climate and disaster-resilient social and economic growth; (5) research and development on climate change,extremes and impacts for improved risk assessment and management; and (6) enhancing the use of the Government’s annual budgeting system for improved climate planning.
The proposed PDO indicators are: An operational framework for a national climate adaptation and resilience investment program to leverage investments in key vulnerable landscapes is developed through consultation. Government institutions are provided with capacity and coordination strengthening for responding to climate risks through risk-informed identification, planning, financing, execution, monitoring and reporting of adaptation and resilience investment.
Climate Investment Funds of 0.15 Million USD
+1 (212) 473-9727
Government of Philippines
Department of Finance
(63 2) 5239223
Department of Environment and Natural Resources
Ramon J.P. Paje
(63 2) 9252329
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