Recto Secures P15-B from France to Accelerate PH Climate Actions
Manila: Finance Secretary Ralph Recto secured 250 million euros (PHP15.79 billion) concessional funding from France, through the Agence Fran§aise De D©veloppement (AFD), to help advance the Philippines’ climate actions. The ceremonial exchange for the Climate Change Action Plan, Subprogram 2 (CCAP2) was formally executed between Recto and French Ambassador to Manila Marie Fontanel on Monday, the Department of Finance (DOF) said in a news release. According to Philippines News Agency, the agreement is consistent with President Ferdinand R. Marcos Jr.’s call for innovative strategies to address climate change. “[This] is a vote of confidence in the Filipino people and our