NEDA, WB partner to assess PH’s natural capital wealth

The National Economic and Development Authority (NEDA) and the World Bank have partnered in a project that will assess the country’s wealth in terms of natural resources, an official of the World Bank (WB) said.

The “Philippines-Wealth Accounting and Valuation of Ecosystem Global Partnership Program” or Phil-WAVES is a global partnership led by the World Bank, which aims to promote sustainable development by ensuring that accounting for natural resources is mainstreamed into development planning.