The Philippines has secured a PHP8.7 million grant from the Adaptation Fund to develop a climate adaptation project that will strengthen the resilience of Mindanao’s farmers and safeguard the country’s food security. The grant was approved during the Adaptation Fund Board’s 45th meeting in Bonn, Germany, and will be used to develop the Agricultural Interventions for Development project, which aims to boost the adaptive capacity of farming communities across Mindanao through investments in shared service facilities, sustainable agriculture financing, and policy reforms. The project will be led by the United Nations Industrial Development Organization and the Mindanao Development Authority. Additionally, a PHP796 million regional project is in the pipeline to enhance rice production resilience in the Philippines and Malaysia through climate-smart technologies and advanced climate intelligence systems. The Department of Finance is also pursuing accreditation as a National Implementing Entity of the Adaptation Fund to directly channel resources to vulnerable communities.
