World Bank approves $405M loan to RP

THE WORLD BANK HAS APPROVED a $405-million loan for the Philippines, where poverty incidence is expected to have risen further this year, saying proceeds will be used to enhance the government’s services to the poor. In a statement, the World Bank said the loan would finance the Social Welfare and Development Reform Program (SWDRP) to be implemented by the Department of Social Welfare and…

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World Bank approves $405M loan to RP

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