In the Philippines, the AFD plays a key role in financing projects aimed at enhancing resilience to the challenges posed by climate change and natural disasters. Following the destruction of the MT Princess Empress oil tanker in February 2023, a French expert was dispatched to provide technical assistance, demonstrating our solidarity with the country during environmental crises. In December 2021, France dedicated 2 million euros to support long-term reconstruction efforts after the devastating passage of Typhoon Odette. Moreover, the AFD signed an agreement with the Philippines Department of Finance to grant a 250 million euro loan to support the reduction of natural disaster risks, thereby supporting the decentralization of risk management services to local government units (LGUs) to empower local communities.
In the context of the Paris Agreement and to further support the Philippines in implementing their Nationally Determined Contribution (NDC), the AFD recently approved a 150 million euro climate-focused loan to strengthen efforts in climate change adaptation and mitigation. These initiatives will contribute to transforming vulnerable sectors into a resilient and low-carbon economy.
Simultaneously, the AFD actively commits to supporting non-governmental organizations (NGOs). Projects implemented by these NGOs contribute to the protection and social inclusion of children, the promotion of human rights, access to healthcare and electricity, as well as the resilience of coral ecosystems.
This visit reflects the continued commitment of France and the AFD to the Philippines for a more prosperous, resilient, and environmentally-friendly future.
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