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Philippines shares disaster risk financing strategies in IMF meet

Combining different risk financing instruments is an important strategy to enable the government to protect the public against the impact of natural disasters, the Department of Budget and Management (DBM) said......»»

Category: financeSource: philstar philstarOct 14th, 2018

Paving the way to effective risk financing solutions

CARD Mutual Benefit Association’s (CARD MBA) experiences and strategies in delivering affordable and efficient microinsurance products for the socioeconomically challenged communities in the Philippines is one of the featured talks at the Global Partnership Forum of InsuResilience Global Partnership on December 10, 2018 in Katowice, Poland (COP24). Dr. Jaime Aristotle B. Alip (3rd from left), the […] The post Paving the way to effective risk financing solutions appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 26th, 2018

DoF mulls catastrophe bonds of WB

THE PHILIPPINES is considering participation in the World Bank’s catastrophe (Cat) bonds to support financing of disaster risk management, the Department of Finance (DoF) said in a statement over the weekend. The post DoF mulls catastrophe bonds of WB appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 15th, 2018

ASEAN insight: A glimpse in the eyes of a youth leader

ASEAN insight: A glimpse in the eyes of a youth leader Vox Bikol Sat, 12/09/2017 - 01:35 PILI, Camarines Sur, Dec.06 (PIA) ---  “It’s unbelievable! The experience seemed so surreal but I was there, flesh and body, and have represented the Philippines as one of the delegates to the #NOWASEAN 2017Conference, promoting among others, the significant role of the youth in understanding climate change and disaster resilience in ASEAN countries.” Emman Cleodoro, Coordinator of El Verde Youth for Climate Action and  Environment, Disaster Management and Emergency Response Office (EDMERO) Environmental Advocacy Officer  of the Provincial government of Camarines Sur was the lone representative of the country and was among the youth leaders from different countries chosen to participate in the conference in commemoration of the celebration of the 50th Anniversary of ASEAN and the Philippines’ National Day for Youth in Climate Action  held at Sofitel Philippine Plaza, Manila last November 23 to 26. “It’s an honor and a privilege to be the representative of the Philippines in the ASEAN conference in Manila. This conference taught me a lot of things, most especially what can the youth do to create a significant impact on the country’s campaign on climate change and disaster risk reduction management. This experience is something that I will treasure for the rest of my life,” Cleodoro humbly stated. At the prime of his youth at 27, Emman as he is fondly called by friends and colleagues had been advocating a cleaner and greener environment for the past 5 years under the helm of EDMERO. He owed his achievements to his mentors and points to EDMERO Chief Lucena “Che” Bermeo and the dynamic and young Camarines Sur Governor Migz Villafuerte as the source of his fervor to passionately pursue his environmental advocacy and share it with the young crowd. One of the highlights of the conference, Emman narrated was the adoption of the Southeast Asian Youth in Climate Action and Disaster Resilience Network (SAYCAN) Framework Agreement. The agreement binds the youth in a commitment to advocate youth empowerment on climate action and disaster resilience by promoting education and capacity building, engaging champions and strengthening partnership with other environmental stakeholders through online and on-ground strategies. ““The NowASEAN Conference is an initiative of the Filipino youth-led climate action undertaking dubbed as #NowPH or Not on our Watch Philippines. One of their outputs is the adoption of the SAYCAN Framework agreement.  It played a significant role in gathering signatures for the adoption of the Paris agreement held in France in 2015,” Emman elaborated. SAYCAN hopes to bring young people towards a common understanding of the ill effects of climate change and what the community can do to alleviate the impact of any catastrophe in their areas.  To do this, education and capacity building, including engaging environmental champions and stakeholders is a must. It is also important to build partnership, establish and strengthen them by the use of various strategies, both online and on-ground thereby engaging more and more stakeholders to take part in the fight to win back greener days and a safer environment for the next generation. “In the years that I have served as Environmental Advocacy Officer, I have seen the prowess and competence of the youth to promote a climate and disaster-resilient way of life and pursue sustainable development.  Meeting other ASEAN youth leaders coming from our neighboring ASEAN countries, only proves that we are all attuned towards this one vision of creating a haven of environment loving people who is as concerned as I am in ensuring that our children’s children will still have a place which they can call “home” in the upcoming years.”  (LSMacatangay, PIAV/Camarines Sur)  .....»»

Category: newsSource:  voxbikolRelated NewsAug 9th, 2018

World Bank offers to assist APEC in disaster risk financing

MANILA, Philippines — The World Bank has offered to assist the Asia-Pacific Economic Cooperation (APEC) in crafting solutions that would ensure the region is.....»»

Category: financeSource:  philstarRelated NewsNov 21st, 2017

PIDS urges review of disaster risk program

MANILA, Philippines - State think tank Philippine Institute of Development Studies (PIDS) is urging a review of the government’s disaster risk financing and.....»»

Category: financeSource:  philstarRelated NewsJun 22nd, 2017

Paving the way to effective risk financing solutions

CARD Mutual Benefit Association’s (CARD MBA) experiences and strategies is one of the featured talks at the Global Partnership Forum of InsuResilience Global Partnership on December 10, 2018 in Katowice, Poland (COP24)......»»

Category: newsSource:  samarnewsRelated NewsJan 31st, 2019

COA questions DSWD s P1.85-B disaster response spending in 2017

MANILA, Philippines – The Commission on Audit (COA) questioned the release of funds by the Department of Social Welfare and Development (DSWD) for disaster response in 2017, amounting to P1.85 billion. This was part of COA's Consolidated Report on the Audit of Disaster Risk Reduction and Management Fund submitted to ........»»

Category: newsSource:  rapplerRelated NewsJan 20th, 2019

Poe to LGUs: Use geohazard maps in disaster risk reduction planning

MANILA, Philippines---Senator Grace Poe called on local government units (LGUs) to maximize the use of the government's geohazard maps which could identify "danger zones" in the country to help lessen the impact of natural disasters. Poe made the statement in the wake of Tropical Depression "Usman," which hit the Bicol region and Samar provinces late last year and claimed more than 100 lives. READ: Landslides raise 'Usman' death toll to 126 "The hazard maps will be one of our guides to make our communities safe from the possible effects of landslides and flooding. Are the LGUs using them, are they aware of the maps and do they know how to use them?" Poe said in a statement Frida...Keep on reading: Poe to LGUs: Use geohazard maps in disaster risk reduction planning.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2019

World Bank doubles Philippines natural disaster risk insurance to $390 million

World Bank doubles Philippines natural disaster risk insurance to $390 million.....»»

Category: financeSource:  thestandardRelated NewsJan 14th, 2019

World Bank doubles Philippines disaster insurance coverage to $390 million

The World Bank has doubled the coverage of its disaster risk insurance program for the Philippines to enable the country to better cope with losses arising from natural disasters......»»

Category: financeSource:  philstarRelated NewsJan 14th, 2019

Death toll from Tropical Depression Usman rises to 126

MANILA, Philippines – The number of persons killed due to Tropical Depression Usman rose to 126, the National Disaster Risk Reduction and Management Council (NDRRMC) reported on Saturday, January 5. In its latest situation report , the NDRRMC said the casualties came from the regions of Mimaropa, Bicol, and Eastern ........»»

Category: newsSource:  rapplerRelated NewsJan 6th, 2019

NDRRMC: Tropical Depression Usman death toll climbs to 85

MANILA, Philippines – The National Disaster Risk Reduction and Management Council (NDRRMC) said on Wednesday, January 2, that it had recorded 85 deaths as of that day, due to Tropical Depression Usman. The NDRRMC said it was still validating the deaths. The NDRRMC also said there were 20 people reported missing and ........»»

Category: newsSource:  rapplerRelated NewsJan 2nd, 2019

Residents in 2 areas in Tiwi, Albay asked to leave due to land cracks

LEGAZPI CITY, Philippines – Disaster officials in Bicol have asked residents of two areas in Tiwi town in Albay to evacuate due to recently-discovered cracks in mountainous zones. Claudio Yucot, chief of Bicol's Regional Disaster Risk Reduction and Management Council (RDRRMC),  said on Wednesday, January 2, ........»»

Category: newsSource:  rapplerRelated NewsJan 2nd, 2019

NDRRMC validating 85 ‘Usman’ deaths

MANILA, Philippines --- The National Disaster Risk Reduction and Management Council (NDRRMC) said it was validating reports that 85 people died in massive floods and landslides brought by Tropical Depression "Usman" after it barreled through the Bicol Region and Eastern Visayas. In a report, NDRRMC noted that as of Wednesday 6 a.m., 20 were reported missing while 40 others were injured in Mimaropa, Regions V and VIII due to "Usman." NDRRMC said that a total of 45,348 families or 191,597 individuals were affected in Calabarzon, Mimaropa, Regions V and VIII. More than 6,000 families or some 24,000 persons are being served inside 170 evacuation centers, the agency added. Dam...Keep on reading: NDRRMC validating 85 ‘Usman’ deaths.....»»

Category: newsSource:  inquirerRelated NewsJan 2nd, 2019

NDRRMC: Tropical Depression Usman death toll rises to 75

MANILA, Philippines – The National Disaster Risk Reduction and Management Council (NDRRMC) raised to 75 as of Tuesday, January 1, the number of fatalities of Tropical Depression Usman though it said they were still validating the deaths reported. NDRRMC Spokesperson Edgar Posadas said majority of the casualties were from the Bicol region which was hit ........»»

Category: newsSource:  rapplerRelated NewsJan 1st, 2019

Philippines: 68 Dead, 19 Missing After Cyclone Usman Hits Manila | World News, India.com

Storm Usman hit the Bicol region in Manila on Saturday. So far, 57 deaths have been reported from the Bicol region and 11 from the Eastern Visayas region, according to the National Disaster Risk Reduc.....»»

Category: newsSource:  manilanewsRelated NewsJan 1st, 2019

Philippines flood: Death toll reaches 60

Beijing [China], Dec 31 (ANI): Landslide and floods triggered by torrential rain claimed 61 lives in Philippines. Xinhua citing a report from National Disaster Risk Reduction and Management Council (N.....»»

Category: newsSource:  manilanewsRelated NewsDec 31st, 2018

Philippines flood: Death toll reaches 60

Beijing [China], Dec 31 (ANI): Landslide and floods triggered by torrential rain claimed 61 lives in Philippines. Xinhua citing a report from National Disaster Risk Reduction and Management Council (N.....»»

Category: newsSource:  philippinetimesRelated NewsDec 31st, 2018

Heavy rain leaves 8 Masbate villages flooded, 59 persons evacuated

  MASBATE, Philippines-- At least 59 persons were evacuated as heavy rain flooded eight barangays (villages) in Masbate City on Saturday.   Alexis Mabini, chief of the Masbate City Disaster Risk Reduction and Management Council, said a sudden downpour after the lifting of the storm warning signal, caused flooding in Barangays Ibingay, Espinosa, F. Magallanes, Tugbo, Kinamaligan, Usab, Mayngaran and Pawa.   Meanwhile, the Philippine Coast Guard has allowed sea travels to resume in Masbate ports at 9 a.m.   However, due to the zero visibility caused by heavy downpour, a Montenegro roll on, roll off vessel supposedly bound for Pilar in Sorsogon retur...Keep on reading: Heavy rain leaves 8 Masbate villages flooded, 59 persons evacuated.....»»

Category: newsSource:  inquirerRelated NewsDec 29th, 2018

Lorenzana assures public: Gov’t ready for Usman

MANILA, Philippines – Defense Secretary Delfin Lorenzana said the government is ready to monitor and respond to cases of emergency as Tropical Depression Usman is set to make landfall on Friday evening, December 28. Lorenzana, who chairs the National Disaster Risk Reduction and Management Council (NDRRMC), said in a press conference in Malacañang that the ........»»

Category: newsSource:  rapplerRelated NewsDec 28th, 2018