Finance Secretary Carlos Dominguez III and Asian Development Bank (ADB) president Takehiko Nakao exchanged documents Monday (Dec. 10) on two loans that aim to help the Philippine government sustain its efforts on expanding financial services to small entrepreneurs and increasing private sector participation in the government’s infrastructure modernization program.
These loan documents cover Subprogram 2 of the Expanding Private Participation in Infrastructure Program (EPPIP-2) and the Inclusive Finance Development Program (IFDP-1). Both programs have approved loans of $300 million each.
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