ADB commits $1.6B for PH COVID-19 fight
The Asian Development Bank (ADB) has approved a $5 million emergency grant and committed an additional $1.6 billion to support the Philippines' fight against COVID-19.
The funds will be used for immediate relief measures, including food distribution programs for Luzon's poorest households and quick-disbursing loans to help the government respond effectively.
ADB President Masatsugu Asakawa emphasized the institution's commitment to supporting the Philippines during these challenging times, highlighting the importance of rapid assistance in addressing the pandemic.
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