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Philippines , Thursday 16 April 2026

Philippines borrows $7.5 billion from World Bank

Published on: Monday 25 April 2022

Philippines borrows $7.5 billion from World Bank MANILA, Philippines — The Philippines has borrowed more than $7.5 billion (P400 billion) from the World Bank to fund mainly the government’s pandemic response, according to the Department of Finance (DOF). Finance Secretary Carlos Dominguez said yesterday the Philippines had to borrow from the multilateral bank to finance the government’s procurement of vaccines against COVID. In particular, Dominguez said the Philippines received $7.53 billion...


News source: https://www.msn.com/en-ph/news/national/philippines-borrows-2475-billion-from-world-bank/ar-AAWzy4H

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