Change Action Program News Today

MANILA — The Asian Development Bank (ADB) has approved a $303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines, one of the most vulnerable countries to the effects of cli

THE Asian Development Bank (ADB) has approved a $303-million loan to reduce flood and climate risks in the disaster-prone Philippines.

Manila-based multilateral lender Asian Development Bank (ADB) on Tuesday said it has approved a $250 million policy-based loan aimed at supporting the Philippine government’s climate change adaptation and mitigation efforts.