Duterte seeks $1B loan for COVID-19 response
The Duterte administration is seeking a $1 billion loan to combat the coronavirus pandemic.
This amount, equivalent to around P51 billion, would be in addition to the previously announced P27.1-billion package.
Finance Secretary Carlos Dominguez III confirmed negotiations are ongoing but declined to disclose the source of the loan.
The World Bank has earmarked a $100-million fast-track loan for the Philippines to procure essential medical equipment and services.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics