The World Bank said Friday funding support to the Philippines could reach $1.4 billion in the next two years, including loans to support peace efforts and development in Mindanao as part of a mid-term adjustment plan. “In 2019, total funding could reach $750 million, including projects for agriculture and education in Mindanao,” the World Bank said. “The World Bank Group fully supports the government’s focus on developing lagging regions, including in Marawi and surrounding areas,” Warwick said. She said World Bank, along with the Asian Development Bank, would coordinate financial assistance from the development partners for the rehabilitation and reconstruction of Marawi City. Also, the World Bank will provide technical assistance for the early recovery, rehabilitation, and reconstruction planning for Marawi City as requested by government.

Source: The Standard September 01, 2017 13:07 UTC