ADFIAP and the Small Enterprises Research and Development Foundation (SERDEF) signed a Memorandum of Agreement (MOA) last July 6, 2017 at the SERDEF Office, UP Campus, Diliman, Quezon City, Philippines, to jointly undertake a stocktaking/scoping study for the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP)’s project on Innovative Climate Finance Mechanisms for Financial Institutions in the Asia-Pacific Region.
The scoping study will include the mapping of a list of potential financial institutions, technical experts, policymakers and other key stakeholders who, with strong institutional support from their organization, could serve as “champions” for climate finance in the Philippines; mapping of climate finance-related initiatives by other UN agencies, multilateral development banks, and bilateral donors; mapping of the role and actions taken by civil society and other stakeholders in the field of climate finance; landscape of climate finance in the Philippines based on the current institutional infrastructure and a future vision of the desired outcomes; mapping of the existing incentives for low carbon development; and priority strategic areas for intervention, entry points and institutional arrangements at the policy level. Also included among the deliverables are the organization and holding of two national workshops with the national financial institutions as target participants and the development of case studies reflecting the main themes addressed in the project’s toolkit and e-learning courses to be prepared by ESCAP.
UN-ESCAP is implementing the aforementioned project to identify the gaps in climate finance and will develop and deliver targeted advisory and technical assistance to central and national development banks in targeted countries in South and South West and Southeast Asia, including the Philippines, in order to enhance the capacity of these institutions to put in place policies and guidelines that encourage investments towards climate mitigation and adaptation projects.
Signatories to the MOA were ADFIAP Secretary General Octavio B. Peralta and SERDEF President Paterno V. Viloria with ADFIAP Consulting Group Head Corazon D Conde and SERDEF Board of Trustee Herminia R. Fajardo as witness.
For more information on the UN-ESCAP project, please visit www.unescap.org.