Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 29
MANILA -- The Asian Development Bank (ADB) on Wednesday said it has approved a policy-based loan of 500 million U.S. dollars to provide the Philippines with quick access to financing in case of disasters triggered by natural hazards or health-related emergencies.
The ADB said the financing will support reforms to raise resilience and enable timely response and recovery efforts. (Philippines-ADB-Loan)
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