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ADB boosts sovereign lending to aid Philippine economic development

The bank wants to support education and job creation programmes for youth and the growth of capital markets

Published Tue, Jul 28, 2015 · 09:50 PM

Tokyo

THE Asian Development Bank (ADB) announced on Tuesday that it will substantially boost its sovereign lending to the Philippines over the next few years, so that the bank's host country can finance infrastructure projects and a range of social and other services.

ADB president Takehiko Nakao, who met Philippine Finance Secretary Cesar Purisima in Ma…

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