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US and Korea sign the P111.5-M grant agreement to support PH’s climate resilience effort.

The US Embassy in Manila announced on Wednesday that the US and South Korea are collaborating through a grant of PHP111.5 million to enhance the capabilities of six Philippine communities in adapting to, reducing, and controlling the effects of climate change.

On March 22, the Korea International Cooperation Agency (KOICA) and the US Agency for International Development (USAID) signed a grant cooperation agreement that will support USAID’s bigger PHP836.5 million initiative on climate-resilient towns.

The embassy said that with KOICA’s technical assistance, Batangas, Borongan, Cotabato, Iloilo, Legazpi, and Zamboanga would be better able to create policies for and employ climate adaptation technologies.

Participation in capacity-building programs held in the Philippines and Korea will also be open to more than 180 Philippine authorities and stakeholders.

The six cities and other stakeholders will receive assistance from USAID and KOICA so that they can inform local residents about the climate in an efficient manner.

Additionally, the partnership will assist local governments in promoting natural climate solutions and expanding access to climate financing for economic and social development.

In addition, a collaboration between the governments of the US and Korea will be established to stop and lessen marine pollution in Manila Bay.

The most recent agreement comes after the two development agencies signed a memorandum of understanding in April 2021, committing to work strategically together on important programs, particularly projects connected to climate change, to enhance development in the Philippines.

“This historic partnership of USAID, KOICA, and the Philippine government will bring together our accumulated experience and technical expertise to build climate change and disaster resilience in the country,” said KOICA Country Director Eunsub Kim. “The United States and Korea are among the largest bilateral donors in the Philippines.

Ryan Washburn, the director of USAID’s Philippines mission, highlighted the seven decades of US-Korea collaboration in achieving shared objectives in the region.

“The United States has pledged to strengthen this alliance and broaden the focus to address issues of critical importance to the Indo-Pacific region and the world,” the speaker stated.

We will intensify our collaboration in particular on addressing the climate problem, decreasing plastic waste, and advancing technologies. Additionally, we will strengthen our inter-group relations and economic cooperation, he said.

According to the embassy, the Philippines consistently ranks highly in global comparisons of sensitivity and risk to climate change.

According to the 2022 World Risk Index, the Philippines has the highest disaster risk among the 193 nations.

“Climate change’s adverse effects and natural disasters make poverty worse and seriously impair national economic growth. Strengthening national and local climate resilience systems is thus one of the key goals for sustainable development, according to the embassy.

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