ADB and the Government of the Philippines awarded on Thursday grants to five networks of enterprises based in the Bicol and Davao regions and Cebu province to support skills and competitiveness training for their employees
“We all know that the COVID-19 pandemic caused major disruptions to employment and widened the skills–jobs mismatch in the Philippines,” said ADB Vice-President Ahmed M. Saeed.
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ADB has approved a $500 million policy-based loan to help the Philippine government address the impact of the COVID-19 pandemic on jobs, livelihoods, and the labor market.
THE Philippine government has secured a new loan from the Asian Development Bank (ADB) worth $500 million to address the impact of the pandemic on jobs and livelihoods. The new policy-based loan, the ADB said, will help the government a liberalized business and investment environment to encourage the private sector…