The Asian Development Bank (ADB) on Friday (March 27) said a bigger financial assistance package worth at least $1.6 billion will be provided to the Philippines in the coming weeks to help in the fight against COVID-19.
The Philippines is ADB’s host country.
“The ADB is fully committed to supporting the Philippines’ efforts to overcome these unprecedented, extraordinary, and challenging times,” said ADB president Masagatsu Asakawa in a statement.
“We will be ready with a large assistance package within weeks to help the government carry out a response with maximum impact,” he said in the statement which came after discussions with Philippine Finance…
Keep on reading: ADB commits $1.6B for PH fight vs COVID-19