World Bank approves $1.25 billion loans for the Philippines
Tweet
Share
E-mail
FILE PHOTO: The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
MANILA (Reuters) - The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines' education and public infrastructure sectors.
In a statement, the World Bank said it will extend a $500 million loan for a Philippine project aiming to repair disaster-hit schools in provinces and improve their capacity to operate even after being battered by natural disasters.
The World Bank also approved a $750 million loan to support reforms that increase investment in public service infrastructure and promote renewable energy, it added.
(Reporting by Neil Jerome Morales; Editing by Andrew Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Brazil's Lula, Flavio Bolsonaro still tied in presidential runoff scenario, Atlas poll shows
- Analysis-Alternative capital powers America's next wave of LNG and pipeline projects
- Faced with US ban, Canadian booze makers see yet more hurdles at home
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
