World News
Home > World News
World Bank offers $600mn loan to boost Philippines' recovery
TIWN
TIWN
PHOTO : TIWN
Manila, Dec 11 (TIWN) The World Bank on Saturday approved a $600 million loan to support the Philippine government's reform programme to position the Southeast Asian country for a competitive and resilient economic recovery.
The World Bank said the loan will support ongoing government reforms for promoting private investment, reducing the cost of doing business, and expanding broadband services to encourage investments in information and communications technology, reports Xinhua news agency.
Add your Comment
Comments (0)
More World News
- 71 killed, 67 injured in rain-related accidents in Pakistan
- NASA head Nelson says China hiding military presence in space
- Israel vows 'appropriate response' if Iran attacks its territory
- Musk confirms India visit, to meet PM Modi
- Multinationals view India as alternative manufacturing base; investments 'strong': UN