Philippines secures financing for climate change initiatives with Japan

The Philippines, represented by Finance Secretary Ralph G. Recto, secured financing from Japan for various infrastructure projects and program budget support aimed at health and climate change initiatives during a high-level meeting in Manila on March 24, 2025. This includes JPY 35.0 billion for the Climate Change Action Program to implement climate adaptation and mitigation strategies, among other measures. The financing will also support flood management projects and the health sector, ensuring equitable access to services that address climate impacts.