PHL climate financing hits record $3.13B in 2023

THE PHILIPPINES obtained a record $3.13 billion (P174.23 billion) from multilateral lenders to fund projects aimed at mitigating the effects of climate change, the European Investment Bank (EIB) said. The 2023 total was 7.67% higher than the $2.91 billion obtained in 2022, according to the EIB’s 202...

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