The Small Enterprises Research and Development Foundation (SERDEF) and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) will jointly implement in the Philippines a climate finance program sponsored by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
The Memorandum of Agreement (MoA) was signed by SERDEF President Paterno Viloria and ADFIAP Secretary General Octavio Peralta on July 6, 2017 at the SERDEF office in UP Diliman, Quezon City. The program is part of the ESCAP regional project called “Innovative climate finance mechanisms for financial institutions in the Asia-Pacific region.” It aims to advance climate change mitigation initiatives in five countries, namely, Fiji, Indonesia, Pakistan, Philippines, and Sri Lanka. ESCAP partnered with SERDEF for the Philippine implementation.
Under the SERDEF-ADFIAP agreement, SERDEF will lead the implementation of the program consisting of two main activities: the conduct of national workshops and a scoping study relating to mitigation of climate change impact. It will also provide ADFIAP with information on the expected program outputs, and make available project personnel to assist in the program presentation, scoping study, infographics, and workshop documentation. The preparation and consolidation of all the documentation and reports specified by ESCAP will be the responsibility of SERDEF.
Meanwhile, ADFIAP will assist in the preparation of the scoping study, including the following: 1) mapping of climate finance in the Philippines based on current institutional infrastructure and future outcomes, 2) mapping of climate finance-related initiatives by other UN agencies, multilateral development banks, bilateral donors, and others, and 3) mapping of the role and actions of civil society and other stakeholders in climate finance.
Other responsibilities of ADFIAP are to assist in identifying potential participants to the national workshops, as well as, to participate in these workshops as resource persons.