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MANILA, June 26 (Xinhua): The World Bank on Friday (June 25) approved a US$400 million loan to support reforms that will assist the Philippine government in achieving a resilient financial sector and help ensure a more inclusive recovery from the Covid-19 pandemic.
The bank said the Philippines First Financial Sector Reform Development Policy Financing loan is the first of two programmes supporting three reform areas, including strengthening financial sector stability, integrity, and resilience.
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