Marcos signs law on climate disaster fund

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PRESIDENT Ferdinand Marcos Jr. has signed into law a measure that grants the Philippines the legal personality and capacity to be part of the body of the climate disaster fund called the “Loss and Damage Fund.”

Signed on August 28, Republic Act 12019, also known as the “Loss and Damage Fund Board Act” enables the board to contract, acquire and dispose immovable and movable property, as well as institute legal proceedings.

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