The BRI is a web-based software aimed at monitoring and boosting the real estate sector's measures against calamities.
Ommid Saberi, Senior Industry Specialist for Green Buildings at IFC said, said the Philippines was chosen for the launch because the country regularly deals with floods, typhoons, landslides, earthquakes and other natural disasters. "Investing $1 in building resilience can save $10 in damage. So every $1 invested in resilience can benefit the owner or country or project," Saberi explained.
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