As the Philippines struggles against the impacts of typhoons like the recent #BagyongKristine, accurate accounting of loss and damage and the equivalent financial support to affected areas are even more crucial.
A PIDS study recommends setting parameters to account for short- and long-term socioeconomic impacts, such as disruptions to productivity and healthcare, to enable efficient distribution of the Loss and Damage Fund to the country.
What is “loss and damage fund”? Did you know that the Philippines is the host of this year’s Loss and Damage Fund Board?
Read: bit.ly/pidsdp2023-47
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