The World Bank’s board of directors approved $1.25 billion in fresh loans to support two Philippine government projects aimed at ensuring safe and resilient schools and bolstering economic recovery.
“Education is a key component of human capital development. By improving the learning environment and making schools safer, children are more likely to attend classes, perform better academically and complete their education,” said Ndiamé Diop, the World Bank country director for Brunei, Malaysia, the Philippines and Thailand.
“Strengthening the resilience of educational facilities can minimize disruptions to learning caused by natural disasters, ensuring children can continue their education with fewer interruptions,” said Fernando Ramirez Cortes, a World Bank senior disaster risk management specialist.
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