01978cas a2200289 a 4500 AALejournalIMF022938 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400209215 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Philippines : Financial Sector Assessment Program-Technical Note on Bank Stress Test for Climate Change Risks. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (47 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Philippines imf IMF Staff Country Reports; Country Report ; No. 2022/154 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=154 IMF e-Library