MANILA: The Asian Development Bank said on Wednesday (Jan 29) it has approved a US$500 million policy-based loan for the Philippines for quick access to financing during natural disasters or health-related emergencies.
"The financing will support reforms to raise resilience and enable timely response and recovery efforts, thus minimising the impact of disasters on the economy and Filipinos’ lives and livelihoods," the multilateral lender said in a statement. - Reuters
