A PIDS study says the government’s current financing instruments, such as savings, foreign aid, insurance, and external credit, are inadequate to meet the needs arising from medium to severe disaster events in the country. Still, they may cover less-costly recurring disasters.
Know more about the study titled "Financing postdisaster reconstruction in the Philippines" here:https://pidswebs.pids.gov.ph/CDN/PUBLICATIONS/pidspn1730.pdf

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