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Philippines eyes $200-M World Bank loan

Philippines eyes $200-M World Bank loan BusinessWorld 12/27/2020 © 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 © 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.

PHL secures $900M in loans from World Bank

December 18, 2020 | 12:32 am Advertisement AAA People use a boat to travel within Amulung municipality in Cagayan after heavy flooding due to typhoon Ulysses, Nov. 19. PHILIPPINE STAR/MICHAEL VARCAS THE WORLD BANK approved two loans worth $900 million (P43.3 billion) for projects aimed at supporting the country’s economic recovery through a wider adoption of digital technology and programs to alleviate poverty in rural communities. In a statement on Thursday, the multilateral bank said its board of executive directors approved a $600-million (P29-billion) loan that will promote competitiveness and boost resilience to natural disasters, and a $300-million (P14.4-billion) loan to provide additional financing for the National Community Driven Development program.

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