00:00The Philippines passed the Host Country Agreement
00:04together with the Board of the Loss and Damage Fund
00:07in the UN Framework Convention on Climate Change
00:11the other day, according to the PNA.
00:14Because of this, the country is leading the fund operations
00:17for vulnerable communities in different countries
00:20that are more likely to be affected by calamities.
00:23According to the Environment Secretary
00:25and Head of the Philippine Delegation Maria Antonia Yulo-Loyzaga
00:30this is a historic step in the Philippines
00:34as a country that is often exposed to natural disasters.
00:39The Secretariat also gave the importance of the funds
00:42to address the effects of climate change
00:45as well as the rebuilding, recovery, and resilience of a country
00:51towards the face of calamities.
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