The Covid-19 crisis is not the only emergency the Philippines is facing. The economic slump triggered by the pandemic is happening alongside the country’s vulnerability to natural hazards and climate-related disasters, and worsening pre-existing social vulnerabilities.
Financial inclusion and increased social protection are critical as the Philippines is experiencing an economic downturn brought by the COVID-19 pandemic, alongside the series of disasters that hit the country in 2020.
Initial evidence from the B-READY (Building Resilient, Adaptive andDisaster Ready Communities) Project indicates that strategic investments in preparedness activities could result in lesser spending on recovery efforts, as well as improve the disaster-vulnerable population’s capacity to manage...
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_0.jpg?itok=xj3RZfgs "Pre-disaster financial services critical during pandemic, study shows")
