PH eyes AIIB’s $5-B COVID-19 recovery financing
The Philippines is interested in the Asian Infrastructure Investment Bank's (AIIB) proposed $5-billion COVID-19 crisis recovery financing facility.
Finance Secretary Carlos Dominguez III stated that the country will present plans to tap into this funding for combating the pandemic and strengthening healthcare infrastructure.
AIIB aims to help entities affected by the health crisis, addressing both immediate health needs and economic impacts.
The facility is part of a coordinated international response and loans are expected to start being approved within weeks.
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