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World Bank provides $500M catastrophe financing to the Philippines

Source(s): ABS-CBN, ABS-CBN Interactive, Inc.
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by Flickr user Marrtinez / Brian, Creative Commons BY-NC-SA 2.0, http://www.flickr.com/photos/marrtinez/4724256031/
by Flickr user Marrtinez / Brian, Creative Commons BY-NC-SA 2.0, http://www.flickr.com/photos/marrtinez/4724256031/

The World Bank board of executive directors on Tuesday approved a $500 million contingent line of credit to the Philippines to help improve the country's preparedness against natural disasters and reduce Filipinos' vulnerability to the impact of these calamities, as reported by abs-cbnNEWS.com.

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Themes Economics of DRR
Country and region Philippines
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