Philippines' debt to ADB to reach $9.4B in next three years
By JON VIKTOR D. CABUENAS, GMA News Published December 16, 2020 6:42pm The sovereign lending program of the Asian Development Bank (ADB) to the Philippines is expected to reach some $9.4 billion in the next three years, not including the up to $500 million the country is set to ink to procure vaccines for the coronavirus disease 2019 (COVID-19). At a virtual briefing on Wednesday, ADB country director for the Philippines Kelly Bird said at least two-thirds of the indicative program will be going into infrastructure, health, and employment recovery to help revitalize the economy. "Our C...
Source: gmanetwork.com