World Bank to extend aid for Marawi rehab
Funding won’t be a problem now with this international lender on board.
The World Bank has committed to extending financial and technical aid to the Philippine government for the reconstruction of Marawi City, which comes as the five-month battle ended on Tuesday, Oct. 17.
The Department of Finance said World Bank chief executive officer Kristalina Georgieva has already confirmed their support for peace-building efforts in Mindanao, particularly for rebuilding conflict-hit areas as government forces worked to recover the city from Maute terrorists.
The commitment was given during a meeting between World Bank officials and members of the Philippine Cabinet led by Finance Secretary Carlos Dominguez III.
“We can only express all of our sympathy for what has been going on in Marawi,” Georgieva said. “As an institution that has committed to peaceful development and dealing with conflict situations, we would be honored in helping in terms of [re]building and engaging in any possible way what we can do in this situation.”