Loss and Damage Fund Executive Director Ibrahima Cheikh Diong says it is a priority to transform pledges into resources, and make sure they are accessible to Filipinos affected by disasters
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MANILA, Philippines – Following the conclusion of the first meeting of the Board of the Fund for responding to Loss and Damage in the Philippines, the first phase of utilizing the fund is taking shape. “They’ve decided the areas they want to focus for the first phase of our intervention… early warning, especially the conditions where they need to respond, dealing with community-led initiatives, recovery and reconstructions. They also decided they want us to get more involved in preparing in terms of readiness,” he said.Twenty-six contributors, mostly from developed countries, have pledged at least $749.25 million to the fund, according to a report from the World Bank released December 1.
“Those modalities have to be nimble, accessible, easier, so that countries don’t have to spend lengthy processes to have access to the resources. Because unfortunately, loss and damage require rapid response, and that’s how you can save lives and livelihoods,” Diong said.
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