00:00Fund for Responding to Loss and Damage, or FRLD,
00:03welcomed the government's warm support
00:06following the Philippines' successful hosting of their board meeting in the country.
00:10The FRLD is a global financing mechanism
00:13created to help climate-vulnerable countries
00:17including the least-developed and small-island developing states
00:20against the severe effects of climate change.
00:22According to FRLD Executive Director Ibrahima Chik-Diong,
00:26they are now focusing on the fund
00:28and how it can be quickly accessed by the countries that need it.
00:32Civil Defense Administrator Undersecretary Ariel Nepomuceno also said
00:37that the FRLD will greatly help the fund
00:41in responding to the vulnerable sector
00:44due to the consecutive storms
00:46that left a severe effect on life and property.
00:50We are waiting for their exact mechanism,
00:54program, how to apply, how to give approval.
00:57What we have now is their commitment
01:00that they will help the country through grants
01:04and the so-called concessional loan.
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