mb.com.ph·3 min read·medium
World Bank approves first Philippine loan since upper-middle-income upgrade for water security
M
Manila Bulletin Newsroom
✦AI Summary
The World Bank has approved a $268.62 million loan to the Philippines to improve water security and sanitation in Bohol, Siargao, and Jolo. The project aims to boost climate resilience and create thousands of jobs over the next 25 years.
The World Bank has approved its first loan for the Philippines since the country was elevated to upper-middle-income country (UMIC) status in July, financing a $268.62-million project to expand climate-resilient water and sanitation services in three islands, improve water security, and generate thousands of jobs.
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