Critical institutional frameworks
The agenda will focus on critical institutional frameworks required to deliver timely, predictable and accessible support for developing countries on the frontlines of climate change.
Key matters for consideration include the operationalization of the Barbados Implementation Modalities (BIM) — a $250-million pilot phase providing grants from $5 million to $29 million per project, funding arrangements, governance and institutional matters, resource mobilization and the replenishment processes; the Fund’s Results Measurement Framework, and Country Support System — all critical elements for ensuring the Fund is impactful and adequately capitalized to deliver on its mandate.
Assistance for climate-change vulnerable countries
The FRLD was established to assist developing countries that are particularly vulnerable to the adverse effects of climate change by providing financial support for recovery, reconstruction and long-term resilience.
Its assistance covers both economic and non- economic losses and damage resulting from extreme weather events and slow-onset climate impacts, including sea level rise, displacement, ecosystem degradation and biodiversity loss.
Since its establishment at COP28, the Fund has made remarkable progress in rapidly firming up its governance and operational frameworks, culminating in today’s milestone.
The forthcoming meeting reinforces the Philippines’ growing role in global climate governance.
Subsequent to its selection as host of the FRLD Board from among eight candidate countries in 2024, the country has hosted several Board meetings that have helped advance the operationalization of the Fund, the last being the Seventh Board Meeting held in October 2025 at the Conrad Hotel in Pasay City. The Eighth Board Meeting was held in Zambia on 22 to 24 April 2026.