MANILA The Asian Development Bank (ADB) has approved a $400 million loan to help the Philippines achieve its medium-term fiscal strategy and finance its post-pandemic economic recovery through a stronger focus on revenue mobilization, including mod
THE Asian Development Bank (ADB) announced last Tuesday it approved a $400-million loan to help the Philippines achieve its medium-term fiscal strategy by boosting tax compliance and reducing tax avoidance, among others. A statement issued by the ADB read that the loan is also intended to finance the country’s “post-pandemic…
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