THE Philippines signed the $500-million loan agreement with the World Bank aimed at supporting the government’s ongoing efforts to ease the social and economic impact of the coronavirus disease 2019 (Covid-19) pandemic on poor households and workers of micro, small and medium enterprises (MSMEs).
In a statement on Thursday, the Department of Finance said the deal for the Philippines’ Emergency Covid-19 Response Development Policy Loan (ECRDPL) was signed on Wednesday by Finance Secretary Carlos Dominguez 3rd and Achim Fock, the World Bank acting country director for Brunei, Malaysia, Philippines and Thailand.
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