MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector.
The loan aims to create an enabling environment for broader participation in the industry.
Known as the Insurance Reform Program, Subprogram 1, it will support broader financial sector development reforms in regulation and supervision.
These reforms include promoting greater intermediation of long-term funds to strengthen the insurance market and support economic growth.
https://business.inquirer.net/552594/ph-gets-400-m-adb-loan-for-insurance-sector
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