Daily News

WB extends $100-Mn loan to PH for coronavirus fight

The World Bank Group (WB) is extending a $100-million loan to the Philippines to allow the Health department to buy test kits and protective equipment for health care workers, among others, as the country tries to contain the coronavirus disease 2019 (COVID-19) outbreak, according to the Department of Finance (DoF). DoF said the funds will be sourced from the multilateral lender’s fast-track COVID-19 facility and is expected to made be available to the Department of Health (DoH) within weeks.