The Asian Development Bank (ADB) has approved a $400m policy-based loan to support reforms aimed at raising the efficiency of the Philippines' insurance industry, creating an enabling environment for broader participation in the sector, and helping stimulate stronger economic growth. The  Insurance Reform Program, Subprogram 1  supports broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term credit for governme

The Filipino Department of Finance (DOF) has ordered all agencies, government financial institutions, and government-owned and controlled...