Activity under preparation Contribution Agreement with IFC - Green Economy Programme in the Philippnes Component 3 <p>The overall Green Economy Programme in the Philippines under which the proposed Action is nested will contribute to the priority area 1 `Green, Resilient Economy and Green Jobs¿ of the MIP 2021-2027. The programme will support acceleration of the transition to a resource efficient, low-carbon and circular economy in the Philippines boosting businesses¿ competitiveness and supporting the green recovery after the pandemic.Through a Contribution Agreement with the IFC the proposed Action will contribute to Specific Objective 3 of the overall Green Economy programme : Private sector engaged in innovation and introduction of plastic waste reduction solutions, other climate change mitigation measures as well as skills and green jobs, allowing youth and women to thrive in circular economy. To this end the IFC will create better conditions for private sector investment by supporting business driven waste reduction strategies and circular solutions in the production process</p>