The $400-million development policy loan (DPL) to the Philippines that the World Bank has just approved will make the financial sector in the country resilient from shocks as the economy recovers from the pandemic-induced slump, the Washington-based lender said.
The quick-disbursing financial sector reform development policy financing, which the World Bank board green-lit on June 24 will strengthen financial sector stability, expand financial inclusion across firms and individuals, and promote disaster-risk financing, the lender said in a statement.
“Among the policy reforms supported by this DPL are measures addressing legal, regulatory, and supervisory issues to improve prudentia…
Keep on reading: PH secures $400-M World Bank loan for financial sector reforms