Topics:

Mega Story

ADB approves 1.5 billion USD loan to help Philippines mitigate impact of Middle East conflict

The ADB funding will help the Philippine Government secure fuel supplies, maintain access to electricity, healthcare, food, and medicine at affordable prices, and assist Filipino workers abroad in returning home. The loan is provided through ADB’s Countercyclical Support Facility (CSF), a financial instrument designed to provide rapid budget support to member countries in times of economic shocks.

ADB approves 1.5 billion USD loan to help Philippines mitigate impact of Middle East conflict
Local News

Environment

Health

World

ADB approves 1.5 billion USD loan to help Philippines mitigate impact of Middle East conflict

The ADB funding will help the Philippine Government secure fuel supplies, maintain access to electricity, healthcare, food, and medicine at affordable prices, and assist Filipino workers abroad in returning home. The loan is provided through ADB’s Countercyclical Support Facility (CSF), a financial instrument designed to provide rapid budget support to member countries in times of economic shocks.

ADB approves 1.5 billion USD loan to help Philippines mitigate impact of Middle East conflict