Tag: development loan
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Philippines to Repay ADB Insurance Reform Loan Through 2040
Overview The Philippines will repay its latest loan from the Asian Development Bank (ADB) over a 20-year period, extending through 2040. The funding supports broad insurance sector reforms intended to expand coverage, improve regulation, and strengthen financial resilience for Filipino families. The agreement was signed on Nov. 6 by authorities from the country’s financial leadership,…
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Philippines Reaches 2040 Milestone: ADB Insurance Reform Loan to Support Nationwide Coverage
Overview: A Long-Term Plan for Insurance Reform The Philippines has secured a significant loan from the Asian Development Bank (ADB) to finance sweeping reforms in the country’s insurance sector. The agreement, signed in November, sets out a roadmap for implementation and repayment that extends all the way to 2040. Officials say the funding is designed…