Tag: $500-million loan

World Bank approves $500-million loan to boost PHL disaster, COVID-19 response bid

(Eagle News) — The World Bank on Friday, April 10, approved a $500-million loan to boost the Philippines’ capacity to “support urgent needs created by the COVID-19 crisis.” In a statement, the World Bank said its board of executive directors approved the Third Risk Management Development Policy Loan” also to help the Philippines “address disaster risks, respond to and recover from natural disasters.” “The World Bank is committed to supporting efforts to strengthen the Philippines’ […]