DOF: PH borrowed $ 4.55B for COVID-19 response
MANILA, PHILIPPINES – The Philippines has borrowed up to $ 4.55 billion worth of foreign loans to various financial institutions for its COVID-19 response until mid-May, according to the Department of Finance. Of these, $ 1.7 billion is from the Asian Development Bank (ADB) and $ 500 million is from the World Bank, according to…