The depletion of natural resources in Least Developed Countries reduces the net savings and jeopardizes growth.

El Ministerio de Medio Ambiente y Recursos Naturales, conjuntamente con la Comisión Económica para América Latina y el Caribe (CEPAL), el Banco Mundial y el Banco Central de la República Dominicana (BCRD), inició un curso sobre las “Cuentas ambientales de energía y emisión.”

Zambia is the first to join as a core implementing country under the second phase of WAVES.

The DENR is pushing for an honest-to-goodness natural resource and environmental accounting system to enable the agency to come up with specific policies and programs consistent with the sustainable integrated area development approach.

With the government aiming for sustained economic growth of 7 to 8 percent in the medium term, there is a need to pay attention to the country’s natural resources and how they are used and managed.

NEDA will develop indicators under the NCA method to come up with a proper valuation of the country’s natural resources, Socioeconomic Planning Secretary Ernesto Pernia said.

Remarks as Prepared for Delivery by Mara K. Warwick, World Bank Country Director, Philippines

Remarks by NEDA and the World Bank were made during the National Conference on Natural Capital Accounting in Pasig City, the Philippines.