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World Bank OKs $600 million loan for Philippines Elijah Felice Rosales © STAR/File World Bank OKs $600 million loan for Philippines MANILA, Philippines The World Bank has approved close to $600 million worth of new projects in the Philippines to renovate state buildings in Metro Manila and scale up fish production in coastal towns. The Washington-based multilateral has committed $300 million out of the $309.5-million Philippines Seismic Risk Reduction and Resilience Project that will improve the strength of government structures in Metro Manila to withstand earthquakes. The project also intends to capacitate the Department of Public Works and Highways (DPWH) to better prepare for and respond to emergencies.

United statesWorld bankDistrict of columbiaMetro manilaPhilippines generalWest valleyWorld bank oksCivil service modernizationDepartment of agricultureBureau of fisheriesDepartment of publicFile world bank oksCivil service commissionFile world bankPhilippines seismic risk reductionResilience project