By TED CORDERO, GMA News
Published December 17, 2020 11:30am Washington-based multilateral lender Word Bank on Thursday announced that it has approved a total of $900-million loan financing to the Philippines for two projects in support of the government’s efforts to recover from the COVID-19 pandemic. In a statement, the WB said the first is a $600-million project “Promoting Competitiveness and Enhancing Resilience to Natural Disasters Development Policy Loan.” Particularly, the loan will support transformational reforms to hasten the adoption of digital technologies, promote greater competition, and reduce the costs of doing business to revive more economic activities and jobs in the country, according to lender.
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