The World Bank backs the reform programs of Philippine President Benigno Aquino with a $500M...

|By:, SA News Editor

The World Bank backs the reform programs of Philippine President Benigno Aquino with a $500M credit line that can be used in case of major natural disasters, as well as a $2M grant for risk-mitigation. WB President Robert Zoellick called out Aquino's anti-corruption program and effective use of resources.