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ADB approves 500 mln USD loan to bolster Philippines’ disaster resilience

MANILA, Jan. 29 (Xinhua) — The Asian Development Bank (ADB) on Wednesday said it has approved a policy-based loan of 500 million U.S. dollars to provide the Philippines with quick access to financing in case of disasters triggered by natural hazards or health-related emergencies.

The ADB said the financing will support reforms to raise resilience and enable timely response and recovery efforts.

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