On June 1, Finance Secretary Benjamin Diokno signs the financial agreements for the People’s Survival Fund (PSF) project development grant, which provides up to P2 million each to five Northern Samar local government units (LGUs).
The climate project development grants are awarded to the municipalities of Bobon, Mondragon, Pambujan, Rosario, and San Jose.
Diokno says they recognize the critical role LGUs play in ensuring that climate projects are successful.
5 Northern Samar LGUs get climate project dev’t grants
Jun 2, 2023 07:35 AM
At a glance
The Department of Finance (DOF) said that five Northern Samar local government units (LGUs) received financial grants for climate project development.
On Thursday, June 1, Finance Secretary Benjamin E. Diokno signed the financial agreements for the People’s Survival Fund (PSF) project development grant, which provides up to P2 million each to five Northern Samar LGUs.
The PSF project development grants were awarded to the municipalities of Bobon, Mondragon, Pambujan, Rosario, and San Jose.
“The DOF recognizes the critical role LGUs play in ensuring that climate projects are successful,” said Diokno, who is also the PS board chairperson.
“It is therefore necessary that we strengthen LGUs’ capacities to produce and carry out local climate change adaptation projects that would effectively boost their resilience,” he added.
The PSF was created by virtue of Republic Act (RA) 10174 as an annual fund for LGUs and accredited local/community organizations to implement projects that would help vulnerable communities deal with climate change impacts.
The PSF project development grants will support activities essential to the identification and development of climate change adaptation projects, which will be implemented for a period of two years.
The grants are intended to help LGUs enhance their PSF proposals by providing additional funding during the project initiation stage.
Mayors Reny A. Celespara (Municipality of Bobon), David A. Bido (Municipality of Rosario), and Damian T. Luzon, Jr., (Municipality San Jose, Northern Samar) accepted the grants on behalf of their municipalities.
“The PDG is an ideal tool to transform their vision into comprehensive and feasible proposals that have tangible and lasting effects on our local communities,” Diokno said.
The first-ever PSF project development grant was made possible through the collaborative effort of the Climate Change Commission (CCC) and PSF Board Member agencies, together with the DOF.
Through the PSF Board, the DOF is determined to roll out new projects and facilitate LGUs’ access to grants under the PSF.