The Asian Development Bank said Wednesday it approved a $303-million (P17 billion) loan to reduce flood and climate risks and
The country is one of the most vulnerable countries to the effects of climate change and disasters caused by natural hazards.
“Climate change is expected to raise risks from extreme weather events. These river basin communities are highly vulnerable to climate-related hazards, as we have seen in recent years when typhoons destroyed infrastructure, displaced families, and damaged crops,” ADB senior water resources specialist Junko Sagara said.
It aims to boost community-based flood risk management by supporting 22 local government units and about 150 barangays in updating their climate and disaster risk assessments and integrating flood risk management in local development plans.
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