December 18, 2020 | 12:32 am
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People use a boat to travel within Amulung municipality in Cagayan after heavy flooding due to typhoon Ulysses, Nov. 19. — PHILIPPINE STAR/MICHAEL VARCAS
THE WORLD BANK approved two loans worth $900 million (P43.3 billion) for projects aimed at supporting the country’s economic recovery through a wider adoption of digital technology and programs to alleviate poverty in rural communities.
In a statement on Thursday, the multilateral bank said its board of executive directors approved a $600-million (P29-billion) loan that will promote competitiveness and boost resilience to natural disasters, and a $300-million (P14.4-billion) loan to provide additional financing for the National Community Driven Development program.
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