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ADB approves 500 mln USD loan to boost Philippines’ labor market reforms

MANILA, Jan. 30 (Xinhua) — The Asian Development Bank (ADB) on Thursday said it has approved a 500-million-U.S. dollar policy-based loan to support job creation and workforce development in the Philippines.

The ADB said the Business and Employment Recovery Program Subprogram 2 will help the government pursue reforms and initiatives to achieve inclusive economic growth by equipping the country’s labor force, inc