DBP supports the global drive towards climate resilience

The Development Bank of the Philippines (DBP) shared its best practices on how DBP actively supports climate resilience projects countrywide during the recently concluded webinar on “Financing Climate Resilience: Focus on DFIs in Emerging Markets” on September 22, 2021.
Given the multiplier impact, climate change would have on emerging markets, there is a global need to take effective action on climate resilience and climate change adaptation. DBP, as a government financing institution, has promoted climate resilience programs among micro, small, and medium-sized enterprises by helping MSMEs adapt to digital technologies to reduce dependence on physical resources.
DBP has also introduced innovative financing solutions to increase the confidence of private financial institutions in financing climate resilience projects through joint financing or blending of funds via public-private partnerships.
The webinar was co-organized by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Association of Development Financing Institutions of Malaysia (ADFIM) in partnership with auctusESG. The webinar was held in conjunction with Climate Week in New York.

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