ADB Approves $400-Million Loan to Help Reform PHL Insurance Industry - BusinessWorld Online

Philippines gets $400-M ADB loan for insurance sector

MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term […]...Keep on reading: Philippine…

ADB approves $400-million loan to help reform PHL insurance industry - BusinessWorld Online

THE ASIAN Development Bank (ADB) said it approved a $400-million loan to the Philippines to help it raise the efficiency of its insurance industry. “By modernizing the regulatory framework, we are not only strengthening the insurance industry itself — we are building a critical line of protection for the nation, mobilizing long-term capital for development, and ensuring that the benefits of economic growth reach every Filipino entrepreneur and h…

ADB OKs $400-M loan for PH insurance industry reform

The Asian Development Bank (ADB) on Tuesday said it has approved a $400 million policy-based loan to support reforms aimed at raising the efficiency of the Philippines" insurance industry.