男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Asia-Pacific

Philippines, World Bank ink $500 m loan accord to fight COVID-19

Xinhua | Updated: 2020-04-15 16:07
Share
Share - WeChat

 

Passengers wearing masks queue to enter the Ninoy Aquino International Airport in Paranaque, Metro Manila, amid fears of coronavirus disease (COVID-19) spreading in Philippines, March 18, 2020. [Photo/Agencies]

MANILA - The Philippines and the World Bank signed a $500-million loan agreement that would enable the Philippines to augment the government's urgent financing requirements to help fight the COVID-19 pandemic, the Department of Finance (DOF) of the Philippines announced on Wednesday.

The Third Risk Management Development Policy Loan, following two earlier loans signed in 2012 and 2015 between the Philippines and the World Bank, aims to strengthen the country's capacity to prepare for, respond to, and recover from natural disasters, including health emergencies like the COVID-19 crisis.

Philippine Finance Secretary Carlos Dominguez said this third budget-support loan is programmed for accelerated disbursement by April 30 to help support the immediate financing requirements of the government resulting from the impact of the COVID-19-induced crisis.

He said the $500-million facility, which is just one of several financial assistance programs made available to the Philippines by the World Bank during this global health crisis, will bolster the Philippines' overall efforts to provide instant relief to the poor and other hardest-hit sectors and strengthen the healthcare system.

The loan is payable in 29 years, inclusive of a 10-and-a-half-year grace period.

According to the World Bank, the loan will support policy reforms undertaken by the Philippine government in the area of disaster risk management, including the implementation of an emergency cash transfer program during times of crisis.

On top of this financing package, the World Bank has also earmarked a 100-million-U.S. dollar fast-track loan to the Philippines to enable the Department of Health to procure personal protective equipment for frontline medical workers, along with testing and laboratory materials, quarantine areas, isolation rooms and other essential equipment to fight COVID-19.

The loan is under the World Bank's recently launched $14-billion fast-track COVID-19 facility.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 三明市| 日照市| 永仁县| 汝南县| 涡阳县| 彭山县| 黄龙县| 黄山市| 瑞昌市| 陆河县| 南丹县| 榕江县| 镇坪县| 工布江达县| 策勒县| 阿尔山市| 田阳县| 麻栗坡县| 渭南市| 绥德县| 海丰县| 海盐县| 昆山市| 朔州市| 方正县| 平南县| 开平市| 湖南省| 泰宁县| 深州市| 合肥市| 衡水市| 鲁甸县| 同德县| 吴川市| 武乡县| 长泰县| 封丘县| 确山县| 梅州市| 云梦县|