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Washington-based multilateral lender World Bank (WB) on Saturday announced it has green-lit a new multi-million dollar loan for the Philippines aimed at supporting the country’s economic recovery from the COVID-19 pandemic.
By Reuters Staff 2 Min Read MANILA, Dec 17 (Reuters) - The World Bank said on Thursday its board had approved two projects worth $900 million to support the Philippines’ efforts to recover from the COVID-19 pandemic, improve competitiveness, and build resilience against shocks and natural disasters. The first is a $600-million Promoting Competitiveness and Enhancing Resilience to Natural Disasters Development Policy Loan, which will support reforms to improve digital infrastructure, including a national ID project. The second is $300-million funding for projects involving basic social servi...
3:48 PM MYT A boy wears a face mask as he sells bags in the shopping district of Divisoria, in Manila. Many Filipinos flock to this area to buy cheaper goods as they prepare for Christmas holidays in this predominantly Roman Catholic nation amid government health restrictions to help curb the spread of the coronavirus. - AP MANILA, Dec 19 (Reuters) - The World Bank has announced this week that its board had approved two projects worth US$900 million to support the Philippines' efforts to recover from the Covid-19 pandemic, improve competitiveness, and build resilience against...
World Bank approves US$900 million funding for two Philippine projects Toggle share menu Advertisement 17 Dec 2020 12:51PM (Updated: 17 Dec 2020 01:00PM) Share this content Bookmark MANILA: The World Bank said on Thursday (Dec 17) its board had approved two projects worth US$900 million to support the Philippines' efforts to recover from the COVID-19 pandemic, improve competitiveness, and build resilience against shocks and natural disasters. The first is a US$600 million Promoting Competitiveness and Enhancing Resilience to Natural Disasters Development P...
By Reuters Staff 2 Min Read MANILA, Dec 17 (Reuters) - The World Bank said on Thursday its board had approved two projects worth $900 million to support the Philippines’ efforts to recover from the COVID-19 pandemic, improve competitiveness, and build resilience against shocks and natural disasters. The first is a $600-million Promoting Competitiveness and Enhancing Resilience to Natural Disasters Development Policy Loan, which will support reforms to improve digital infrastructure, including a national ID project. The second is $300-million funding for projects involving basic social servi...