World Bank rural development loan approval expected soon bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
S&P Global Ratings on Thursday affirmed its credit ratings for the Philippines, but flagged that downside risks such as the government's rising debt stock.
BusinessWorld
May 25, 2021 | 12:32 am
PHILIPPINE STAR/ MICHAEL VARCAS
THE NATIONAL Economic and Development Authority (NEDA) listed 17 infrastructure and other development projects worth P394.96 billion that will be up for review by the Cabinet-level Investment Coordination Committee (ICC).
Latest documents as of May 15 showed these projects are either locally funded or being financed by official development assistance (ODA), at different stages of approval process.
In a separate document, NEDA also identified 26 more projects worth a combined P1.387 trillion as of mid-May that are being reviewed by the NEDA’s ICC technical board.
Generally, NEDA said proposed infrastructure projects have to undergo initial assessment by its ICC technical board, followed by a review by the ICC Cabinet Committee (CabCom). The NEDA Board, chaired by President Rodrigo R. Duterte, gives the final approval.
Philippines foreign loans for COVID-19 response at $15 5B gmanetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmanetwork.com Daily Mail and Mail on Sunday newspapers.
SunStar
Neda greenlights extension of Cebu BRT project loans. (File photo)
+ May 19, 2021 THE National Economic and Development Authority (Neda) Investment Coordination Committee has approved the two-year extension of the foreign loans for the Cebu Bus Rapid Transit (BRT) project that the Department of Transportation (DOTr) has asked for.
This was confirmed by Norvin Imbong, officer in charge project manager for Cebu BRT, in a phone interview on Wednesday,
May 19, 2021.
Imbong said they were informed by their counterparts in Manila that the loan from the French government, through the Agence Francaise de Développement (AFD), closed in March this year, has been extended until March 2023, while the loan from the World Bank (WB) set to close this June 2021 has been extended until June 2023.