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                    [ArticleID] => 138451
                    [Title] => RP stands to lose $500-M WB, ADB loans
                    [Summary] => Four program loans of government worth about $500 million from the World Bank (WB) and the Asian Development Bank (ADB) are in danger of being cancelled.


A Department of Finance (DOF) official said these program loans are now being reviewed to determine if the projects supposed to be funded by the loans will be abandoned.


The review is an offshoot of an earlier policy directive adopted by the government to cancel development projects funded through official development assistance (ODA) that are delayed for at least one-and-a-half years.


                    [DatePublished] => 2001-10-30 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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GRAINS SECTOR DEVELOPMENT

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                    [ArticleID] => 138451
                    [Title] => RP stands to lose $500-M WB, ADB loans
                    [Summary] => Four program loans of government worth about $500 million from the World Bank (WB) and the Asian Development Bank (ADB) are in danger of being cancelled.


A Department of Finance (DOF) official said these program loans are now being reviewed to determine if the projects supposed to be funded by the loans will be abandoned.


The review is an offshoot of an earlier policy directive adopted by the government to cancel development projects funded through official development assistance (ODA) that are delayed for at least one-and-a-half years.


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abtest

RP stands to lose $500-M WB, ADB loans

October 30, 2001 - 12:00am

Four program loans of government worth about $500 million from the World Bank (WB) and the Asian Development Bank (ADB) are in danger of being cancelled. A Department of Finance (DOF) official said these program...

Business