MANILA, Sept 11 (dpa): The Asian Development Bank (ADB) has approved a US$500mil loan to help the Philippines boost its resilience and response to disasters triggered by natural hazards or public health emergencies.
The policy-based loan will allow the Philippines quick access to emergency financing "to quickly address the needs of vulnerable segments of the population following disasters," said Benita Ainabe, a financial sector specialist at the Manila-based bank.
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