The People’s Survival Fund (PSF) Board on Wednesday signed a financing agreement with local government units (LGUs) for the implementation of four projects in various areas nationwide amounting to P191.7 million.
Finance Secretary Carlos G. Dominguez III, chairman of the PSF Board, signed four grant agreements to be implemented starting this year, namely: the Disaster Risk Reduction and Management Response as an Adaptation Mechanism to Resiliency in Lanuza, Surigao del Sur; the Siargao Climate Field School for Farmers and Fisherfolk in the Municipality of Del Carmen, Siargao Islands, Surigao del Norte; Building Resilience through Community-based Ecological Farming in San Francisco, Camotes Islands; and Promoting Resiliency and Climate-Informed Gerona in Gerona, Tarlac.
The PSF funding, in the form of grant for the four projects, will have counterpart funding from the LGUs amounting to P41 million. The four projects are worth a combined P232.8 million.
“The PSF was set up to help improve the ability of our communities to cope with the consequences of climate change. Although the fund may not be enough to meet all our needs, it is an initiative to help reduce disaster risks and improve the resilience of our communities,” Dominguez said.
Broken down, the Disaster Risk Reduction and Management Response as an Adaptation Mechanism to Resiliency will take P39 million from the PSF funding; the Siargao Climate Field School for Farmers and Fisherfolk was allotted P80.7 million; Building Resilience through Community-based Ecological Farming was provided P33.8 million; and Promoting Resiliency and Climate-Informed Gerona was funded P38.1 million.
National Treasurer Rosalia V. de Leon, the PSF Board’s alternate chairman, said there are nine additional projects for financing under the PSF pipeline with a requested amount of P979.7 million.
These include Establishing Climate Smart Barangays in Los Baños, Laguna, with a requested funding of P24 million; the Carranglan three-in-one protection project in Carranglan, Nueva Ecija, amounting to P82.3 million; the Libon Ecosystem Improvement Project in Libon, Albay, with P649.8 million; the Mount Magdiwata Watershed Adaptation Technologies and Ecosystem Resiliency Project in Agusan del Sur, amounting to P33 million; the Improving the Coastal Resources and its Management Systems as Mitigating Measures for Climate Change for Sustainable Communities in Hinatuan Passage Development Alliance Areas in Surigao del Norte, with P18.9 million; Saub Watershed Ecosystem Rehabilitation and Flood Risk Reduction for Increased Resilience to Climate Change and Natural Hazards in Sarangani, amounting to P119.5 million; Integrated Ecosystem and Forest Management in Las Nieves, Agusan del Norte, with P10 million; Adaptive Capacity Building of Agusan del Norte: Enhancing the Disaster Preparedness Dissemination System through Information and Communication Technology in Agusan del Norte, amounting to P14.9 million; and Establishment and Sustainable Management of River Ecosystem in Kitcharao, Agusan del Norte, with P27 million.