Philippines eyes $200-M World Bank loan

Philippines eyes $200-M World Bank loan
BusinessWorld
12/27/2020
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THE World Bank has lent $2.78 billion (P133 billion) to the Philippine government so far this year. — PHILIPPINE STAR/MICHAEL VARCAS
© Provided by BusinessWorld
THE World Bank has lent $2.78 billion (P133 billion) to the Philippine government so far this year. — PHILIPPINE STAR/MICHAEL VARCAS
THE Philippine government is seeking a $200-million loan (P9.6 billion) from the World Bank to fund programs that will strengthen the financial sector and widen financial inclusion in the country, a document from the multilateral lender showed.
The World Bank said the executive board will likely act on the loan, formally called the “Philippines First Financial Sector Reform Development Policy Financing,” on July 14, 2021.

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