Prior to the meeting with biden, Marcos considers US green bonds

Before a scheduled bilateral meeting with US President Joe Biden at the White House, President Ferdinand Marcos Jr. stated that the Philippines is interested in "green bonds" from the US.

On May 1, Marcos will travel to Washington, DC, to meet with Biden for their second private encounter since the Philippine president took office.

“We’ll see if…because so many things have changed, climate change has become a huge issue and we want to see what else we can do, what strategies we can take. The US has something called a green bond. That means they can offer funds to help us. For instance, it can be used for the no-build zones, in moving away structures from the sea so they’re less vulnerable to strong storms,” Marcos said in Filipino during an interview on state-run Radyo Pilipinas’ Erwin Tulfo On Air with Nina Corpuz.

Green bonds, which are a component of the Biden administration's initiatives to combat climate change, are described as financial instruments by the US energy department that enable issuers to borrow sizable sums of money "for use in sustainability-focused projects."