ADB ramps up investment as climate change batters PH
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NewsTranscript
00:00Meanwhile, the Asian Development Bank or ADB will support the Philippines and other member
00:05countries in preparing for droughts and floods due to the severe impacts of climate change
00:10felt by nine out of ten Filipinos.
00:13Over the next six years, the ADB plans to invest in upgrading irrigation systems and
00:18developing climate-resilient infrastructure to enhance rural development and food security.
00:23They will also improve flood and drought preparedness through early warning systems and disaster
00:29risk reduction training.
00:30A recent report indicates that climate change effects in the Asia-Pacific region will worsen,
00:36leading to more intense weather events and significant economic losses.