World Bank sets aside $500M for PH disasters

Nov 18, 2023 12:40 am

THE World Bank has readied $500 million in funds that the Philippines can tap in the event of disasters and climate-related events.

The assistance, called the Philippines Disaster Risk Management and Climate Development Policy Loan with a Catastrophe Deferred Drawdown Option, will particularly focus on the protection of schools, health facilities and human settlements.

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