Manila, Oct. 29 -- The Department of Finance (DOF) is spearheading the creation of a global initiative that will enable the Philippines and other Southeast Asian nations to safeguard vital public assets and ensure the uninterrupted delivery of essential services to citizens in the aftermath of natural disasters.

"Disasters are not just national problems - they are regional challenges that demand global solutions. Through SEADRIF-SAFE, which the Philippines champions, we are taking a proactive and united step to protect what truly matters: our people and the public assets they rely on," Finance Secretary Ralph Recto said in a statement Wednesday.

During the 8th Technical Meeting of the Southeast Asia Disaster Risk Insurance Facility (SEA...