Live Breaking News & Updates on Bp Is Confidently Makinga Leap Forward To Support More Inclusive Growth Initiatives In Lgu Tuguegarao City

MANILA - State-owned Development Bank of the Philippines (DBP) has granted a new PHP311.8-million term loan to the local government unit (LGU) of Tuguegarao City to bankroll public infrastructure and agriculture productivity enhancement projects in the area, a top official said. DBP president and chief executive officer Emmanuel Herbosa said the loan was extended under the Assistance for Economic and Social Development for LGUs Financing Program - Bayanihan Interest Subsidy Fund and would be used to finance the construction of a core shelter housing project, drainage systems, an evacuation center, road concreting, as well as the acquisition of agricultural equipment, among others. "Through this partnership, DBP is confidently making a leap forward to support more inclusive growth initiatives in LGU Tuguegarao City," Herbosa said. "These worthy initiatives would be pursued under a framework of inclusivity - where people are mainstreamed into the growth process both as ben ....

Cagayan Valley , Philippines General , Tuguegarao City , Quezon City , Emmanuel Herbosa , Bayanihan Interest Subsidy Fund , Lgus Financing Program , Development Bank , Cash Management Solutions , Social Development , Financing Program , Interest Subsidy Fund , Ilocos Region , Cordillera Administrative , Management Solutions , Manila State Owned Development Bank Of The Philippines Dbp Has Granteda New Php311 8 Million Term Loan To Local Government Unit Lgu Tuguegarao City Bankroll Public Infrastructure And Agriculture Productivity Enhancement Projects In Area , A Top Official Said Dbp President And Chief Executive Officer Emmanuel Herbosa The Loan Was Extended Under Assistance For Economic Social Development Lgus Financing Program Bayanihan Interest Subsidy Fund Would Be Used To Finance Construction Ofa Core Shelter Housing Project , Drainage Systems , N Evacuation Center , Road Concreting , S Well As The Acquisition Of Agricultural Equipment , Mong Others Quot Through This Partnership , Bp Is Confidently Makinga Leap Forward To Support More Inclusive Growth Initiatives In Lgu Tuguegarao City , Uot Herbosa Said Quot These Worthy Initiatives Would Be Pursued Undera Framework Of Inclusivity Where People Are Mainstreamed Into The Growth Process Both As Beneficiaries And Contributors Dbp Is Fifth Largest Bank In Country Terms Assets Provides Credit Support To Four Strategic Sectors Economy Infrastructure Logistics Micro , Mall And Medium Enterprises Environment Social Services , Nd Community Development Tuguegarao Isa Third Class Component City And The Capital Of Cagayan Province Is Recognized Asa Regional Primary Growth Center Serves Springboard For Economic Activities Within Valley In Bordering Municipalities Ilocos Region Cordillera Administrative Herbosa Said Dbp Has Beena Partner Since 2008 Granted Two Term Loan Facilities Amounting To Php120 Million 2017 Php600 2018 ,