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flag Asian Development Bank approves $500M loan to enhance Philippines' public financial management.

flag The Asian Development Bank approved a $500 million loan to the Philippines to enhance public financial management. flag The funds will improve national budgeting, strengthen local governments, and implement financial systems in the Bangsamoro Autonomous Region. flag The loan supports fair devolution of services and climate resilience, with a joint assessment by the ADB and other partners to guide reforms.

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