Families, workers and students stranded at the capital when the community lockdown was implemented walks towards their respective bus as they avail of a free ride to Sorsogon province outside the Redemptorist church in Baclaran, Metro Manila, Philippines on Friday (May 29). President Rodrigo Duterte is relaxing a lockdown in the capital, the country's epicentre of coronavirus infections, in a tightrope move as the economy weakens and the government spends money to help feed millions of poor families restricted to their homes. - AP
MANILA: The World Bank's Board of Executive Directors has approved a US$500mil to help the Philippines mitigate the impact of Covid-19 (coronavirus) pandemic on poor and vulnerable households, and to provide financial relief to small and medium enterprises.
According to a World Bank statement, the Philippines Emergency Covid-19 Response Development Policy Loan supports the country's efforts to provide social assistance to 18 million poor and vulnerable Filipinos badly hit by Covid-19; expansion of social assistance to 13.6 million affected households that are not part of the program; and support for repatriated overseas Filipino workers.
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