Tag: insurance reform
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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 Lines Up 2040 Repayment Schedule for ADB Insurance Reform Loan
Overview of the ADB insurance reform loan The Philippines has secured a significant loan from the Asian Development Bank (ADB) to underpin sweeping reforms in the country’s insurance sector. Signed on November 6 by officials from the Department of Finance, the agreement marks a pivotal step in modernizing regulatory frameworks, expanding coverage, and strengthening the…
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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…