The loan will be used to provide conditional cash grants to the poorest families. - AP
MANILA (Xinhua): The World Bank on Wednesday (Sept 30) said it has approved a US$600 million loan to support the Philippine government's efforts to sustain social protection for the poor and most vulnerable families amid the Covid-19 pandemic.
The loan will be used for a new project named the Philippines Beneficiary FIRST Social Protection Project to provide continuing support to the Philippine government to implement the Pantawid Pamilyang Pilipino Program (4Ps), a national government plan to provide conditional cash grants to the poorest families.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
