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                    [Title] => MB clears $150-M loan from ADB
                    [Summary] => The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved a $150-million loan from the Asian Development Bank (ADB) to fund the country’s microfinance development program. 


The BSP said the loan would be disbursed through government financial institutions and other conduit banks for relending to small enterprises.


BSP Governor Amando M. Tetangco Jr. said the loan carries a 15-year maturity period including a five-year grace period. 


                    [DatePublished] => 2005-12-14 00:00:00
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                    [Title] => ADB sets aside $1.5B for lending to RP over 3 yrs
                    [Summary] => The Asian Development Bank (ADB)   has endorsed a new three-year strategy for ADB operations in the Philippines under which new lending could range from zero to as much as  $1.5 billion, depending on the pace of fiscal consolidation and key sector reforms.


In its executive summary, the Manila-based lending agency said  the strategy is based on its cautious response on the changing economic scenario.  


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                    [Title] => ADB may suspend lending to RP due to slow reforms
                    [Summary] => The Asian Development Bank (ADB) said yesterday it may cut off lending to the Philippines over the next three years unless the government speeds up reforms designed to shore up its fiscal position. 


ADB vice president Joseph Eichenberger said economic growth in the country has been insufficient to lift the country out of poverty over the past 20 years. 


"There needs to be deep and sustained change in how things are done in the Philippines," Eichenberger said. "ADB cannot pursue a business-as-usual approach."


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                    [Title] => ADB cites RP’s Medium-Term Development Plan
                    [Summary] => The Asian Development Bank (ADB) has cited the significant improvement in the Philippine government’s planning and budgeting linkage through the 2004-2010 Medium-Term Philippine Development Plan (MTPDP), the country’s economic blueprint.


In its draft Country Strategy and Program (CSP), the ADB said the Philippine government’s efforts at enhancing its planning and budgeting linkage, specifically through the MTPDP, establishes a new paradigm for development planning. 


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COUNTRY STRATEGY AND PROGRAM

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                    [Title] => MB clears $150-M loan from ADB
                    [Summary] => The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved a $150-million loan from the Asian Development Bank (ADB) to fund the country’s microfinance development program. 


The BSP said the loan would be disbursed through government financial institutions and other conduit banks for relending to small enterprises.


BSP Governor Amando M. Tetangco Jr. said the loan carries a 15-year maturity period including a five-year grace period. 


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                    [Title] => ADB sets aside $1.5B for lending to RP over 3 yrs
                    [Summary] => The Asian Development Bank (ADB)   has endorsed a new three-year strategy for ADB operations in the Philippines under which new lending could range from zero to as much as  $1.5 billion, depending on the pace of fiscal consolidation and key sector reforms.


In its executive summary, the Manila-based lending agency said  the strategy is based on its cautious response on the changing economic scenario.  


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                    [Title] => ADB may suspend lending to RP due to slow reforms
                    [Summary] => The Asian Development Bank (ADB) said yesterday it may cut off lending to the Philippines over the next three years unless the government speeds up reforms designed to shore up its fiscal position. 


ADB vice president Joseph Eichenberger said economic growth in the country has been insufficient to lift the country out of poverty over the past 20 years. 


"There needs to be deep and sustained change in how things are done in the Philippines," Eichenberger said. "ADB cannot pursue a business-as-usual approach."


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                    [Title] => ADB cites RP’s Medium-Term Development Plan
                    [Summary] => The Asian Development Bank (ADB) has cited the significant improvement in the Philippine government’s planning and budgeting linkage through the 2004-2010 Medium-Term Philippine Development Plan (MTPDP), the country’s economic blueprint.


In its draft Country Strategy and Program (CSP), the ADB said the Philippine government’s efforts at enhancing its planning and budgeting linkage, specifically through the MTPDP, establishes a new paradigm for development planning. 


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MB clears $150-M loan from ADB

By Des Ferriols | December 14, 2005 - 12:00am

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved a $150-million loan from the Asian Development Bank (ADB) to fund the country’s microfinance development program. The BSP said the loan...

Business

ADB sets aside $1.5B for lending to RP over 3 yrs

By Ted P. Torres | July 25, 2005 - 12:00am

The Asian Development Bank (ADB) has endorsed a new three-year strategy for ADB operations in the Philippines under which new lending could range from zero to as much as $1.5 billion, depending on the pace of...

Business

ADB may suspend lending to RP due to slow reforms

By Ted P. Torres | July 14, 2005 - 12:00am

The Asian Development Bank (ADB) said yesterday it may cut off lending to the Philippines over the next three years unless the government speeds up reforms designed to shore up its fiscal position. ADB vice president...

Headlines

ADB cites RP’s Medium-Term Development Plan

By Ted P. Torres | April 10, 2005 - 12:00am

The Asian Development Bank (ADB) has cited the significant improvement in the Philippine government’s planning and budgeting linkage through the 2004-2010 Medium-Term Philippine Development Plan (MTPDP), the...

Business