The Philippines has been elected to host the Loss and Damage Fund Board, President Marcos announced.
Marcos made the announcement through a post on X on Tuesday night, July 9.
"I am proud to announce that the Philippines has been elected to host the Loss and Damage Fund Board, out of seven other contenders," Marcos said.
"We are also honored to have a seat on the Board itself, ensuring that the Philippines will be a formidable voice in promoting and advancing global climate action— an issue of critical interest to the country," he added.
The President further said that hosting the Board of the Fund reinforces the Philippines' dedication to take up the role in ensuring that the voices of places vulnerable to climate change are heard.
"Hosting the LSF Board reinforces our dedication to inclusivity and our leadership role in ensuring that the voices of those most affected by climate change shape the future of international climate policies," Marcos said.
Manila was selected as the host country of the Board of the Fund at the second meeting of the Board on July 9.
On December last year, the country secured a seat in the inaugural Loss and Damage Fund Board at the 28th United Nations Climate Change Conference (COP28) in Dubai.
The Fund was established to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to economic and non-economic loss and damage associated with the adverse effects of climate change, including extreme weather events and slow onset events.