Coronavirus: Philippines Gets $500 Million World Bank Loan

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The World Bank is giving the Philippines a $500 million loan to help the country’s fight against coronavirus.

The funding is part of a $14 billion fast-track package from the World Bank Group to strengthen the response of developing countries to the pandemic and shorten the recovery time.

As of Friday the Philippines had 4,195 cases and a death toll of 221. President Rodrigo Duterte has declared a public health emergency and a state of calamity.

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