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business.inquirer.net World Bank OK of $500-M loan seen in May

The $500-million loan being sought to further strengthen the Philippines' resilience to natural disasters will finally be up for World Bank approval in May, but no longer with the catastrophic deferred drawdown option (CAT-DDO) unlike two previous credit lines obtained from the Washington-based multilateral lender.

Documents showed that the Philippines' Third Disaster Risk Management (DRM) Development…
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