THE Asian Development Bank has approved a $500 million for the Philippines to aid in the government’s efforts to effect a recovery in employment.
“This program is expected to help create jobs, get businesses back into action, and pave the way for displaced workers, youth, and women to return to the labor market by enhancing their skills through training and linking them to good quality jobs,” he added. Under the program, the ADB will assist the government in creating “a more liberalized business and investment environment to encourage the private sector to grow and create more jobs.”
The ADB said that the Philippines had one of the steepest declines in employment in Southeast Asia in 2020.
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