The Philippines so far enjoyed the second-biggest amount of loans extended by multilateral lenders among Asean+3 countries to fight the health and socioeconomic ills inflicted by the COVID-19 pandemic.
Data compiled by the regional macroeconomic surveillance organization Asean+3 Macroeconomic and Research Office (Amro) showed that the Philippines obtained $3.68 billion in loans from the Manila-based Asian Development Bank (ADB) ($2.33 billion), the Beijing-based Asian Infrastructure Investment Bank ($750 million) and the Washington-based World Bank ($600 million).
But the Amro tally did not include the $900 million in loans green-lit by the World Bank for the Philippines on Dec. 16…
Keep on reading: PH is 2nd biggest recipient of multilateral assistance