Manila, April 30 -- The Philippines and the Asian Development Bank (ADB) signed Tuesday an agreement for a USD200-million loan on additional financing for the government's efforts to provide unconditional emergency cash assistance to poor and vulnerable households that have been adversely affected by the quarantine measures imposed to contain the coronavirus disease 2019 (Covid-19) pandemic.
This loan accord is the second additional financing provided by the ADB under the Social Protection Support Project (SPSP), which supports the government's conditional cash transfer (CCT) program or the Pantawid Pamilyang Pilipino Program (4Ps) of the Department of Social Welfare and Development (DSWD).
Finance Secretary Carlos Dominguez III signed th...