THE Philippines and the World Bank have signed an agreement for a $300-million loan that would be used as additional funds for the government’s conditional cash transfer program.
Finance Secretary Carlos Dominguez 3rd (left) and World Bank Country Director Mara Warwick during the signing of the $300-million loan agreement for the "Second Social Welfare Development and Reform Program" at the Department of Finance in Manila on Thursday. (Photo from the Department of Finance)