World Bank provides $700M loan for Philippines Community Resilience Project

The World Bank has provided a USD700 million loan to support the Philippines Community Resilience Project, which aims to strengthen community resilience for 18 million households in the country.

The project will involve communities in identifying climate and natural hazard risks and developing resilience plans, focusing on infrastructure improvements and sustainable livelihoods.

Local governments and community members will receive training and capacity building to enhance their ability to plan and respond to climate challenges.

Priority will be given to 500 vulnerable municipalities across 49 provinces, including areas with significant indigenous populations and high poverty incidence.

The project also includes initiatives such as flood and drought mitigation, landslide protection, surge protection, windbreakers, and retrofitting of existing infrastructure to withstand extreme weather events.

Moreover, the initiative will support erosion control, agroforestry, and other nature-based solutions for ecosystem conservation, including community forests, wetlands, marshes, waterways, erosion control, water conservation, and agroforestry.