President Ferdinand Marcos announced that the Philippines had been elected to host the Loss and Damage Fund (LDF) Board, winning over seven other contenders.
“I am proud to announce that the Philippines has been elected to host the Loss and Damage Fund Board, out of seven other contenders. We are also honored to have a seat on the Board itself, ensuring that the Philippines will be a formidable voice in promoting and advancing global climate action— an issue of critical interest to the country,” Mr. Marcos said in his X account (formerly Twitter).
“Hosting the LSF Board reinforces our dedication to inclusivity and our leadership role in ensuring that the voices of those most affected by climate change shape the future of international climate policies,” he added.
Previously, President Marcos had expressed the country’s interest in hosting the LDF Board and called for its immediate operationalization to assist developing nations.
In April, the Philippines declared its intention to host the LDF Board, following President Marcos’ order to form an interagency technical working group to lead the effort.
Back in December 2023, the Philippines earned a spot on the LDF Board following the conclusion of the United Nations 28th Conference of Parties (COP28) in Dubai.
The LDF Board plays a crucial role in addressing climate change by managing funds to support countries most affected by climate-related disasters.
