ADB approves US$250mil finance plan for Philippines' climate change ambitions and mitigation efforts

MANILA, June 1 (Xinhua): The Asian Development Bank (ADB) said Tuesday that it has approved a US$250 million policy-based loan to support the Philippines' climate change adaptation and mitigation efforts.

"We have a climate emergency, and all countries must come together and address the causes and adapt in a way that ensures food security, protects our biodiversity and improves the well-being of millions of vulnerable persons," ADB Vice-President Ahmed Saeed said in a statement.