World Bank Pres. Robert Zoellick again extended its support to the Conditional Cash Transfer (CCT) program of the Aquino administration.
Pres. Zoellick met with President Benigno Aquino III to discuss the reform agenda of the administration.
Presidential Communications Sec. Ricky Carandang said today, World Bank sees that the CCT program was effective to lower the poverty rate in the country.
According to Carandang, Zoellick commited that $ 100 million was available to be borrowed by the government to finance the CCT.
During his visit to the country, Zoellick himself also visit the beneficiaries of CCT programs in poor areas in Metro Manila.
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