Manila, June 2 -- Finance Secretary Ralph Recto secured 250 million euros (PHP15.79 billion) concessional funding from France, through the Agence Francaise De Developpement (AFD), to help advance the Philippines' climate actions.

The ceremonial exchange for the Climate Change Action Plan, Subprogram 2 (CCAP2) was formally executed between Recto and French Ambassador to Manila Marie Fontanel on Monday, the Department of Finance (DOF) said in a news release.

The DOF said the agreement is consistent with President Ferdinand R. Marcos Jr.'s call for innovative strategies to address climate change.

"[This] is a vote of confidence in the Filipino people and our shared vision of a greener, safer, and more resilient future," Recto said.

CCAP2...