development economy Finance insurance policy

Philippines gets $400-M ADB loan for insurance sector

MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term

celebration government policy public administration

UPSC To Establish Centre Of Excellence As Repository Of Best Practices Ahead Of Centenary Year Celebrations

UPSC Chairman Ajay Kumar said that the idea of the centre of excellence (CoE) will serve as a knowledge hub of standard operating procedures (SOPs), innovations, and key takeaways from UPSC and state PSCs. Kumar emphasised that while UPSC would take the lead in setting up a CoE, the active contribution of state PSCs in knowledge-sharing and best practices will be crucial.