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THE Philippines has secured a new policy-based loan to support the government’s efforts on inclusive finance from its biggest lender to date, the Manila-based multilateral development bank, the Asian Development Bank (ADB). In a statement, ADB said it has approved $300 million loan to finance the “Inclusive Finance Development Program (IFDP)-Subprogram 3,” which aims to
A game-changer. This is how House Committee on Ways and Means Chairman Jose Ma. Clemente “Joey” S. Salceda described the central bank’s response to his query whether water districts are eligible for loans provided by the Republic Act (RA) 11901. Salceda issued a statement last Thursday profusely thanking Bangko Sentral…
A leader of the House of Representatives on Monday asked the Bangko Sentral ng Pilipinas (BSP) Monetary Board (MB) to include water districts and local government unit (LGU)-led water works providers under qualified borrowers under the Agri-Agra law. House Committee on Ways and Means Chairman Joey Sarte Salceda said the…
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