DBP approves P1-B loan for development projects in Nueva Ecija

State-owned Development Bank of the Philippines (DBP) and the provincial government of Nueva Ecija signed an agreement yesterday for a P1-billion omnibus loan facility that will finance priority projects of the province particularly in agriculture, education, infrastructure, and eco-tourism.

DBP president & chief executive officer Francisco F. Del Rosario, Jr. said the loan will finance development projects of the local government included in its Local Development/ Medium Term Development/ Annual Investment Program. "This facility assures the LGU that there is an available fund to assist in further improving the lives of the Novo Ecijanos and in fast-tracking development in the province," he added.