Philippines: Financial Sector Assessment Program-Technical Note on Bank Stress Test for Climate Change Risks

June 7, 2022

Preview Citation

Format: Chicago

Philippines: Financial Sector Assessment Program-Technical Note on Bank Stress Test for Climate Change Risks, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

The Philippines is highly vulnerable to risks from climate change. The Philippines is categorized as one of the world’s most vulnerable countries to climate change and natural disasters, especially typhoons. Depending on where a severe typhoon hits the Philippines, it could potentially cause a systemic impact. All major cities and most of the population reside on the coastline, including the metropolitan Manila area where about 60 percent of economic activities take place. On the other hand, exposures to transition risk are concentrated in the coal-based power generation sector and the government’s licensing policy to build new power plants.

Subject: Climate change, Environment, Financial Sector Assessment Program, Financial sector policy and analysis, International organization, Monetary policy, Natural disasters, Stress testing

Keywords: Bank solvency STRESS TEST, Climate change, Climate change risk, Climate change STRESS TEST, Financial Sector Assessment Program, Global, IMF-World Bank Financial Sector Assessment Program, Macroprudential solvency stress tests, Natural disasters, Stress testing, WB staff

Publication Details

Pages:

47
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2022/154
Stock No:

1PHLEA2022001
ISBN:

9798400209215
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports