The Asian Development Bank extended a USD 400-million loan to the Philippine government to bolster youth employment amid the pandemic, reports PhilStar. In a statement yesterday, the lender said the credit line is under its Facilitating Youth School-to-Work Transition Program, Subprogram 3, which continues the Bank’s near-decade-long support to its host country’s initiatives to help at-risk young Filipinos. “This loan will help young job seekers, especially women, access training opportunities and enhance their skills development,” Stephen Schuster, ADB’s principal financial sector specialist for Southeast Asia, said. “It will strengthen labour market policies and provide assistance to returning Filipino workers who lost jobs overseas because of the pandemic through group livelihood and entrepreneurship programs.”