PH eyes WB loans for COVID-19 measures

The Philippines is in talks with multilateral lenders like the World Bank and Asian Development Bank (ADB) for loans to combat the spread of COVID-19.

Finance Secretary Carlos Dominguez III welcomed the World Bank's announcement of up to $12 billion in immediate support for countries affected by the virus.

Discussions are focused on a loan package that emphasizes quick reactions to COVID-19 and similar events, with an emphasis on bolstering health systems and public health interventions.