The Philippines was able to save more than $1 billion in losses because of its natural systems, according to a World Bank report. In its Lifelines: The Resilient Infrastructure Opportunity report released last week, the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) noted that “combining infrastructure with nature-based solutions” reduces countries investment needs. “In the Philippines, mangroves, reefs and other natural system prevent more than $ 1 billion in annual disaster losses,” the report said.

Gonzales, A. L. (2019, June 24). Mangroves, reefs reduce loses from disasters – UN. The Manila Times, p. A4.