Land Bank of the Philippines (LandBank) has approved more than P62 billion in loans to 194 local government units (LGUs) under its program that aims to revive local economies from the coronavirus pandemic’s impact.

The government-run bank said in a statement on Wednesday it had cleared P62.32 billion under its Restoration and Invigoration package for a Self-Sufficient Economy toward UPgrowth for LGUs (RISE-UP LGUs) lending program.

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