$4B in additional loans for COVID-19 response underway

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At least a dozen more loans worth a total of $4.02 billion (over P195 billion) will be secured by the Philippines this year and in 2021 to finance response to and recovery from the health and socioeconomic crises inflicted by the COVID-19 pandemic.

Citing a report from the Department of Finance’s (DOF) international finance group, 2021 budget documents showed that in the pipeline of program loans from the Manila-based Asian Development Bank (ADB) were the $500-million disaster resilience improvement program; $400-million build universal health-care program; $300-million local governance reform sector development program (subprogram 2), and the $300-million facilitating youth school-to…

Keep on reading: $4B in additional loans for COVID-19 response underway

The Philippine Daily Inquirer, popularly known as the Inquirer, is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record.

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