NEDA, binigyang-halaga ang public-private partnership sa pagtugon sa kalamidad

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Transcript

00:00NEDA believes that it can meet the big fund needed for disaster preparedness and risk reduction

00:07with the help of the best public and private partnership.

00:11The update is in the Central News of Benchido Rango Live.

00:15The discussion on the financing road map was held on the second day of the Asia-Pacific Ministerial Conference for Disaster Risk Reduction.

00:28The vision of the Asia-Pacific nations that disaster preparedness and risk reduction has a price.

00:35Just like Japan, which is also a part of Asia-Pacific,

00:38their investment in disaster risk reduction is worth 50 billion dollars in just three years.

00:44And just like the Philippines, earthquakes, tsunamis, and tsunamis are some of the hazards that they are facing.

00:50According to the UNDRR, not all nations have the ability and the capacity for disaster preparedness.

00:57There are several ways to do this through public-private partnership.

01:02There is also a fund, the Asian Development Bank, that can be accessed by member countries.

01:07In the Philippines, this has been done for a long time, according to DNR Secretary Maria Antonia Yulo-Loyzaga.

01:13Aside from the national fund in the DRR, private sectors and MSMEs are also helping in the supply chain

01:20to prepare the community for the effects of calamity.

01:24An integrated approach to disaster risk financing that is both data and context-driven

01:29is needed to streamline risk prevention strategies across sectors and along different decision-making levels.

01:38Secretary Arsenio Molina Balisacan said that if the country only relies on grants, loans, and insurance

01:45whenever there is a calamity, it will be in short supply.

01:47Aside from the government's fund, public-private partnership in disaster mitigation is a big deal.

01:53It is also funded by Jaime Agustin Corporation.

01:59Traditional models of disaster risk financing such as grants, loans, and insurance

02:05often fall short in terms of both speed and sufficiency,

02:09underscoring the need for more adaptive and responsive solutions.

02:14On behalf of the business community, let me state that disaster risk should be incorporated

02:20in enterprise risk management and business continuity practices.

02:26Further, DRR should be embedded in corporate strategy and the whole capital allocation process.

02:35Meanwhile, there are 11 town hall discussions happening this afternoon

02:39still revolving around disaster financing and investments,

02:42which is one of the challenges facing nowadays, especially by developing countries such as the Philippines.

02:49Angelique, that was the update from PICC.

02:52We will continue on the second day of the Asia-Pacific Ministerial Conference on Disaster Risk Reduction.

02:57Back to you, Angelique.

02:59Benji, is there a ballpark figure on how much the Philippines needs

03:04so that we can be prepared and reduce our disaster threat or risk?

03:15Earlier, Secretary Loizaga did not mention how much the Philippines needs,

03:21but a large portion of our fund is allocated for disaster risk reduction.

03:26And if the private sector will help, especially the big companies,

03:31in addressing disaster risk reduction,

03:34it is a big thing to address the needs of our people,

03:39especially when we are facing various disasters in our country.

03:44Alright, thank you very much, Benji Dorango.

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