ADB oks $1 billion loan for Davao’s ‘green’ public transport
The Asian Development Bank (ADB) approved last June 29 a $1 billion loan to finance an eco-friendly public transportation project of Davao City.
DOF raises $4.55B in fresh foreign loans to finance Covid-19 response
The Department of Finance (DOF) on Sunday announced it had secured $4.55 billion in new foreign loans from multilateral lenders and commercial markets as of mid-May.
ADB: Global economy to lose $9 trillion without adequate pandemic response
The Asian Development Bank has warned that the novel coronavirus disease pandemic could cost $5.8 trillion to $8.8 trillion or 6.4% to 9.7% of global gross domestic product, should there be failure to formulate appropriate policy responses.
Manila-based ADB approves another loan for PH
The Philippine government’s emergency cash subsidies to vulnerable households due to the Covid-19 pandemic will be augmented with another $200-million loan approved by the Asian Development Bank on Monday.
ADB lends $1.5B in budget support for PH Covid-19 response
The Asian Development Bank has approved a $1.5-billion loan to the Philippines to fund its novel coronavirus disease response and boost the country’s health care system to fight the pandemic.