The World Bank said it has approved a $750 million (P41.9 billion) loan to boost the Philippines' environmental protection and climate resiliency reforms.
In a statement, the World Bank said the Philippines' First Sustainable Recovery Development Policy Loan (DPL) would support government reforms to attract private investments in the sector.
Among the government reforms that the financing targets to enhance are renewable energy, plastic waste management. promotion of green transport such as use of EVs and lowered climate-related fiscal risks from the agriculture sector.
