Following the signing of the financing agreements of two new large programmes, European Union (EU) Ambassador Luc Véron and Secretary of Finance Carlos G. Dominguez launched the Bangsamoro Agri-Enterprise Programme (BAEP) and the National Copernicus Capacity Support Action Programme for the Philippines (CopPhil). BAEP is a new five-year programme to boost local agricultural production and improve the investment climate in the BARMM, while CopPhil is a nationwide three-year programme to reduce vulnerability from natural disasters. The two Financing Agreements signed between the EU and the Government of the Philippines (GPH) will address the most pressing needs in the country: disaster preparedness and poverty reduction; and the cycle of vulnerability linking the two. Today’s climate and health crises and their long-term effects make these assistance more relevant than ever.