Philippines Beneficiary News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Financing for the government’s response to the coronavirus disease 2019 (Covid-19) pandemic has ballooned to $13.36 billion (roughly P642 billion) as of mid-December, the Department of Finance (DoF) reported on Wednesday.
According to the department, it received $12.72 billion from the Asian Development Bank (ADB), World Bank, Asian Infrastructure Investment Bank, Finance Development Program, Japan International Cooperation Agency, Export-Import Bank of Korea, and US dollar-denominated global bonds. Of the amount, $6.86 billion has been disbursed.
The country also got $26.36 million in grant assistance, composed of the ADB’s $3-million Covid-19 Emergency Response Project and $5-million Rapid Emergency Supplies Provision, and $18.36 million from Japan. ....

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