Manila, April 24 -- The Asian Development Bank (ADB) has approved a USD1.5-billion loan to help the Philippine government fund its coronavirus disease 2019 (Covid-19) response program and strengthen the country's health care system in its fight against the pandemic.
"This assistance is our largest budget support loan to the Philippines ever and reflects our strong commitment to providing cornerstone assistance swiftly and effectively to help the country mitigate the pandemic's devastating impact on Filipinos, particularly the poor and vulnerable, including women," ADB President Masatsugu Asakawa said in a statement Friday.
Asakawa said the most vulnerable are developing countries, especially those with densely populated cities such as the...