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World Bank approves $900M in loans to aid PH economic recovery, address poverty enablePagination: false endIndex: Metro Manila (CNN Philippines, December 17) — The World Bank is extending more loans to the Philippines to help it become more resilient to natural disasters and address poverty in affected communities. Announcing details on Thursday, the Washington-based lender said the first loan, worth $600 million (about ₱28.8 billion) shall support reforms aiming to speed up the adoption of digital technologies, encourage greater competition, and trim the costs of doing business in the ...

Published December 17, 2020, 11:01 AM The World Bank has approved two loans to the Philippines to support the country’s recovery efforts from the coronavirus pandemic, improve competitiveness, as well as build resilience against shocks and natural disasters. In a statement, the Washington-based lender, said it approved $900 million worth of loans to the Philippines for the government’s programs in addressing poverty in poor rural communities and improving resiliency against natural disasters. The first is a $600 million Promoting Competitiveness and Enhancing Resilience to Natural Disaste...