Post By : 2024-06-28T07:00"
World Bank Approves $1.25 Billion Loans for the Philippines"
The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines' education and public infrastructure sectors.
In a statement, the World Bank said it will extend a $500 million loan for a Philippine project aiming to repair disaster-hit schools in provinces and improve their capacity to operate even after being battered by natural disasters.
The World Bank also approved a $750 million loan to support reforms that increase investment in public service infrastructure and promote renewable energy, it added.
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World Bank Approves $1.25 Billion Loans for the Philippines
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