6 months World Bank approves $300-M loan for PH’s ‘Pantawid Pamilyang Pilipino Program’ MB
By Chino Leyco The World Bank has approved the Philippines’ $300 million loan to aug­ment funds for its “Pantawid Pamilyang Pilipino Program,” commonly known as “4Ps,” that grants poor families with state subsidy to ensure that their chil­dren stay healthy and in school. (REUTERS / MANILA BULLETIN) The 4Ps currently benefits at least 4.2 million families, including 8.7 million children. According to the World Bank, the new funding will finance cash transfers to poor families for a period of two years as well as help combat malnutrition and promote early childhood development. It will also provide technical as­sistance to the ... more