Philippine Central Bank Endorses World Bank Loans

The Philippine central bank has endorsed in principle a USD250 million World Bank loan earmarked for food crisis response development policy. The bank has also approved in principle another USD30 million loan from the Washington-based lender to support the Autonomous Region in Muslim Mindanao regional government, Reuters reports.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.