The Asian Development Bank grants the Philippines a $500M loan to boost disaster response and resilience.

The Asian Development Bank has approved a $500 million loan to the Philippines to help the country quickly access funds during natural disasters or health emergencies. This loan aims to strengthen disaster resilience, support timely responses, and reduce the impact on the economy and citizens. The Philippines, highly vulnerable to typhoons, earthquakes, and flooding, will use the funds to enhance its disaster management capabilities.

2 months ago
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