Philippines, World Bank ink US$100mil loan agreement for Covid-19 response project

Health workers in protective suits conduct a Covid-19 drive through testing during a continuing enhanced community quarantine to prevent the spread of the virus in Taguig, Metro Manila. The Philippines has signed a US$100mil loan agreement with the World Bank that aims to strengthen the country's capacity to prevent, detect and respond to the threat posed by Covid-19 (coronavirus) and boost its national systems for public health preparedness. - AP

MANILA: The Philippines has signed a US$100mil loan agreement with the World Bank that aims to strengthen the country's capacity to prevent, detect and respond to the threat posed by Covid-19 (coronavirus) and boost its national systems for public health preparedness.

In a statement released by the Department of Finance (DOF) on Saturday (May 2), it said Philippine Finance Secretary Carlos Dominguez and Achim Fock, the World Bank Acting Country Director for Brunei, Malaysia, the Philippines, and Thailand, on Tuesday signed the agreement for the Philippines' Covid-19 emergency response project (ERP).