Stay updated with breaking news from Finance Development Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Asian Development Bank (ADB) has approved a $300 million loan to support the Philippine government in enhancing financial inclusion for vulnerable groups. The loan is...
THE Philippines has secured a new policy-based loan to support the government’s efforts on inclusive finance from its biggest lender to date, the Manila-based multilateral development bank, the Asian Development Bank (ADB). In a statement, ADB said it has approved $300 million loan to finance the “Inclusive Finance Development Program (IFDP)-Subprogram 3,” which aims to
16 April 2023 Adopted We, the Ministers and Senior Representatives of the Vulnerable Twenty Group of Ministers of Finance from Africa, Asia, the Caribbean, Latin America, the Middle East, and the Pacific, met in Washington, D.C. on 16 April 2023 during the Spring Meetings of the International Monetary Fund and…
Financing for the government’s response to the coronavirus disease 2019 (Covid-19) pandemic has ballooned to $13.36 billion (roughly P642 billion) as of mid-December, the Department of Finance (DoF) reported on Wednesday. According to the department, it received $12.72 billion from the Asian Development Bank (ADB), World Bank, Asian Infrastructure Investment Bank, Finance Development Program, Japan International Cooperation Agency, Export-Import Bank of Korea, and US dollar-denominated global bonds. Of the amount, $6.86 billion has been disbursed. The country also got $26.36 million in gran...