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Canada to fund P590M in projects on climate financing, BARMM development


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BusinessWorld, File

 

MANILA, Philippines — Canada is providing around P519 million to back three development assistance projects in the Philippines focused on strengthening climate finance mechanisms and providing development support in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

 

The announcement of funding comes as talk of climate change and mitigation has been revived by the threat posed by Typhoon Karding, which barelled through Luzon on Sunday night.

 

"This funding builds on the newly created $1 million Canada-ASEAN trust fund that Minister [Mary] Ng announced at the ASEAN Foreign Ministers Meeting last month," Canada’s Global Affairs Office said in a statement.

 

Full Story: https://www.philstar.com/headlines/2022/09/26/2212387/canada-fund-p590m-projects-climate-financing-barmm-development

 

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-- © Copyright Philstar 2022-09-26

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