PH to get $1.9B in new loans from World Bank

The World Bank will approve financing for another $1.9 billion in projects in the Philippines before yearend to help the economy recover from the COVID-19-induced recession, the Department of Finance (DOF) said on Friday. Specifically, the World Bank said in a recent letter to Finance Secretary Carlos G. Dominguez III that the Washington-based multilateral lender […]

$1B in new World Bank loans to PH up for OK in Sept

The World Bank will extend three more loans worth about $1 billion to the Philippines by September to help in COVID-19 response and recovery efforts, the Department of Finance (DOF) said on Friday. In a statement, the DOF said the concessional finanĀ­cing extended by...