PHL seeks extension of 4Ps loan from World Bank
PHL seeks extension of 4Ps loan from World Bank
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NewsTranscript
00:00Meanwhile, the country is seeking a one-year extension of a World Bank loan supporting
00:05the Pantawid Pamilyang Pilipino Program or 4Ps.
00:09The Department of Finance requested the World Bank to extend the Php 600 million Philippines
00:14Beneficiary First Social Protection Project to June 30, 2026 from the original end date
00:20of June 30, 2025.
00:22Moreover, the DOF also requested the World Bank to reallocate Php 95 million from performance
00:29based condition expenditures to Pantawid Cash Grants distributed by the Department
00:34of Social Welfare and Development or DSWD through the 4Ps program.