The Central Bank of the Philippines highlighted blended finance as a mechanism to increase funding for climate adaptation and resilience during the Blended Finance Forum for the Philippines held in Manila on 15 to 16 October 2025. Governor Eli M. Remolona, Jr. framed blended finance as a way to help scale adaptation finance, noting that adaptation finance accounts for five percent of total climate-finance flows globally. The forum, co-organized with Australia’s Department of Foreign Affairs and Trade and Convergence, brought together government agencies, regulators, financial institutions, private enterprises, and development partners to discuss building a pipeline of investable adaptation projects, mobilizing domestic capital, and deploying blended finance in sectors including agriculture, micro, small, and medium enterprises, and nature-based solutions. A closed-door high-level leaders’ roundtable, facilitated by BSP Assistant Governor and Chief Sustainability Officer Pia Bernadette Roman-Tayag, included Australian Ambassador Marc Innes-Brown and Climate Change Commission Secretary Robert E.A. Borje. The event was positioned as part of the BSP Sustainability Agenda and aligned with the Philippines’ National Adaptation Plan 2023–2050.
Central Bank of the Philippines 2025-11-12
Central Bank of the Philippines convenes Blended Finance Forum to scale climate adaptation finance
The Central Bank of the Philippines emphasized blended finance as a tool to boost funding for climate adaptation at the Blended Finance Forum in Manila. The event, co-organized with Australia's Department of Foreign Affairs and Trade and Convergence, aimed to build a pipeline of investable adaptation projects and mobilize domestic capital. It aligns with the BSP Sustainability Agenda and the Philippines' National Adaptation Plan 2023–2050.