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                    [Title] => RP to reject $175-M loan if ADB insists on NFA sale
                    [Summary] => The government said it will reject the second and third tranches of the Asian Development Bank’s (ADB) $175-million Grain Sector Development Program loan if the bank insists on privatizing the National Food Authority (NFA).


"We have submitted to the ADB our maximum positions but and if the bank is unwilling to abide by these, we have no choice but to forego the loan," said NFA Deputy Administrator Gregorio Tan.


Tan said NFA submitted its position to the ADB about four weeks ago and expects a response shortly.


                    [DatePublished] => 2002-12-06 00:00:00
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GRAIN SECTOR DEVELOPMENT PROGRAM

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                    [Title] => RP to reject $175-M loan if ADB insists on NFA sale
                    [Summary] => The government said it will reject the second and third tranches of the Asian Development Bank’s (ADB) $175-million Grain Sector Development Program loan if the bank insists on privatizing the National Food Authority (NFA).


"We have submitted to the ADB our maximum positions but and if the bank is unwilling to abide by these, we have no choice but to forego the loan," said NFA Deputy Administrator Gregorio Tan.


Tan said NFA submitted its position to the ADB about four weeks ago and expects a response shortly.


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abtest

RP to reject $175-M loan if ADB insists on NFA sale

December 6, 2002 - 12:00am

The government said it will reject the second and third tranches of the Asian Development Bank’s (ADB) $175-million Grain Sector Development Program loan if the bank insists on privatizing the National Food...

Business