MIL-OSI Banking: $500 Million ADB Loan to Support Philippine Agriculture Sector Reforms foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
The Asian Development Bank (ADB) said on Wednesday the funds it would lend to the Philippines were expected to reach $9.4 billion under its three-year business plan for the country, with at least two-thirds of these going to infrastructure, health and employment recovery.
In a statement, the Manila-based multilateral lender said its Philippines’ Country Operations Business Plan 2021–2023 would support state programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
Kelly Bird, ADB country director for the Philippines, said the plan “is taking an integrated approach to business and employment recovery over the next three years through a combination of programs and projects supporting structural reforms to the business sector, facilitating youth employment, and upgrading skills development in the workplace.”
PH, ADB in talks for $400-500M vaccine procurement financing inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.