THE United Kingdom will pour in £500 million worth of green investments to at least three Southeast Asian countries, including the Philippines, British Ambassador to Manila Laure Beaufils said.
The UK is set to advance maritime, environmental protection, green investment, as well as science and technology cooperation with the Philippines, she said.
The British International Investment, she said, will invest £500 million in Southeast Asia in the next five years "And the Philippines is one of the three countries in that."
"We've also invested £150 million pounds through an Asian Development Bank program that focuses specifically on green infrastructure," Beaufils said in an interview on Friday at the ambassador's residence.
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"We're really going to significantly increase our investments in the Philippines through new mechanisms that we have put in place," the ambassador added. "So, there'll be a lot more by way of investments and in particular, green investments in infrastructure because climate change is a key priority."
"I'd say working on maritime issues is definitely one of the priorities. So, that's about the combination of peace and stability and security," Beaufils said.
In a speech later at the celebration of Queen Elizabeth's birthday, she said: "Our partnerships are growing across a range of priority areas, whether that be on investment and trade, maritime security, climate and environment issues, science and technology, sustaining the peace process in the BARMM (Bangsamoro Autonomous Region in Muslim Mindanao), the rule of law and human rights, and many other issues."
"I am proud that the UK works in partnership with the Philippines to build a safer, greener, more prosperous, and more peaceful world. Britain's commitment to this is for the long term," Beaufils said.