According to the Philippine Department of Finance , the loan agreement, which the Philippine Finance Secretary Carlos Dominguez and World Bank Country Director Mara Warwick signed, aims to further strengthen the government's conditional cash transfer program until 2022 by continuing to support the delivery of CCTs to millions of beneficiaries.
Dominguez said the loan agreement will provide an additional 300 million U.S. dollars financing for the CCT program under the second phase of the government's Social Welfare Development and Reform Program.
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