The Department of Environment and Natural Resources (DENR) and the German government have signed an accord for a P200 million financial grant to boost forest protection efforts in Panay Island, one of the largest islands in the Visayas region.

German Ambassador Thomas Ossowski witnessed as GIZ Director and Principal Advisor on Climate Program Dr. Bernd Markus Liss signed, in behalf of GIZ Country Director Dr. Andreas Kalk, the agreement with DENR Secretary Ramon Paje, of the Forest and Climate (FORCLIM) Protection Panay Phase II, to provide 4 million euros or roughly P200 million for the project.