PH, Asean working on disaster risk insurance

The Philippines is working with fellow Association of Southeast Asian Nations (Asean) members on initiatives that will help communities recover faster from the impact of natural disasters and climate change, the Finance department said.

In a statement on Thursday, Finance Secretary Carlos Dominguez 3rd said the country was also working on improving building standards to ensure that structures were climate-resilient and was expediting irrigation initiatives to mitigate the impact of erratic climate patterns resulting from global warming.