People's Survival Fund
The People’s Survival Fund (PSF) was created by Republic Act 10174 as an annual fund intended for local government units and accredited local/community organizations to implement climate change adaptation projects that will better equip vulnerable communities to deal with the impacts of climate change. It supplements the annual appropriations allocated by relevant government agencies and local government units for climate-change-related programs and projects.
The Philippine government programmed at least PhP 1 billion into the PSF which will be sourced from the national budget. The allocation may be augmented by mobilizing funding sources such as counterpart local government units, the private sector, and individuals who support adaptation initiatives.
The PSF is managed and administered by the People’s Survival Fund Board. The Board is headed by the Secretary of the Department of Finance. Its members are the vice chairperson of the Climate Change Commission, secretary of the Department of Budget and Management, director general of the National Economic and Development Authority, secretary of the Department of the Interior and Local Government, chairperson of the Philippine Commission on Women, representative from the academe and scientific community, business sector, and non-government organizations. The Climate Change Office provides support as secretariat to the Board.
PSF ensures that funds go to the right places and meet real needs by devising a mechanism for these financial resources to be transferred to and accessed by its target recipients: the local government units and accredited local/community organizations.
The PSF Board has set the criteria for selecting recipients who submit proposals to fund their adaptation projects and programs.
Local government units with high poverty incidence, are exposed to climate risks, and has a key biodiversity area will be prioritized. On the other hand, local/community organizations will be eligible to access the fund upon accreditation based on organizational independence, track record in the community and/or field of expertise, financial management and participatory practices.
The PSF is intended for adaptation activities that include water resources management, land management, agriculture and fisheries, health, among others, and serve as guarantee for risk insurance needs for farmers, agricultural workers and other stakeholders.
It will also be used for establishing regional centers and information networks and strengthening of existing ones to support climate change adaptation initiatives and projects, for setting up of forecasting and early warning systems against climate-related hazards, support to institutional development such as preventive measures, planning, preparedness and management of impacts relating to climate change, including contingency planning for droughts and floods.
For more information, references and materials, you may visit http://psf.climate.gov.ph