‘Misappropriated’ climate fund a setback – Alvarez

Published by rudy Date posted on July 19, 2010

MANILA, Philippines – The vice-chairman of the Climate Change Commission on Monday warned that using foreign loans or grants dedicated to climate change to plug the budget deficit could undermine the entire Philippine climate mitigation and adaptation strategy.

In a statement, former senator Heherson T. Alvarez said a portion of the P10.5 billion loan from the Agence Francaise de Developpment (AFD) should have been used for government initiatives to mitigate climate change.

“At the very least 20 percent of the loan should have been earmarked for its intended purpose, especially at this time when the country is beginning to experience another season of violent typhoons and storm surges,” he said.

The former senator, a staunch environmental advocate, declared that if he had been part of the decision process in the deployment of the French loan he would have recommended that a portion be used to modernize the facilities of the PAG-ASA weather bureau.

Alvarez disclosed that he was never informed by any official of the finance or budget departments about the loan totaling 150 million euros from AFD, an agency of the French government.

Alvarez said he learned about the loan directly from AFD officials in a meeting requested by the French agency last June 23 at the Shangri-la Hotel in Makati City.

The AFD was represented by Alexis Bonnel, deputy to the director of the Operational Department, and Ms. Isabelle Vincent, a manager in the Environment and Infrastructure Division.

During the meeting, Alvarez informed the AFD officials that Philippines had already completed a national framework strategy and is now engaged in the formulation of the national climate change action plans.

The meeting was intended to provide Alvarez an overview of the nature and functions of AFD as the main operator for French bilateral Official Development Assistance.

Also in attendance were Filipino consultants of the AFD which inaugurated its Manila office last year. The agency’s country director is Luc Le Cabellec. –abs-cbnNEWS.com

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.