The government of Japan, through the Japan International Cooperation Agency (JICA), is slated to release JPY 20 billion to the government of the Philippines in June 2021 under the Post-Disaster Stand-by Loan Phase 2 (PDSL 2).
As general budgetary support, said loan is aimed at helping finance the Philippines' pandemic response measures, such as testing and quarantine facility expansion and social amelioration program for vulnerable people and sectors, with the re-imposition of the Enhanced Community Quarantine (ECQ) in the NCR Plus on March 29. Upon the disbursement request of the Philippines, the approval of this third tranche came as a result of the successful summit teleconference between Prime Minister Suga Yoshihide and President Rodrigo Roa Duterte held on May 19.
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