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Lacson cites DBM data showing underspending of Bayanihan 2 funds
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Duterte OKs aid in kind for 22 9M beneficiaries in NCR Plus
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PH gets additional $500-M World Bank loan for pandemic response
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By JON VIKTOR D. CABUENAS, GMA News
Published February 28, 2021 4:31pm State-run lender Land Bank of the Philippines released P5.28 billion in approved loans under its Interim Rehabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19 (I-RESCUE), nine months into the program. LandBank said the amount was released to 208 borrowers: 167 micro, small, and medium enterprises (MSMEs), 34 cooperatives, and four microfinance institutions (MFIs), and three large corporations as of end-January 2021. This was part of the P6.95-billion worth of loans approved for 227 borrowers, which in turn was part of the P10-billion initial internal fund of I-RESCUE launched in April 2020 as mandated by the Bayanihan to Recover as One Act.