Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
DOF takes out loan payable until 2053
Manila Bulletin
|September 10, 2025
The Philippines will repay its latest $700-million (over P39-billion) World Bank loan, which is aimed at strengthening community resilience, until 2053.
The latest World Bank documents showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement for the Philippines Community Resilience Project-Pagkilos on Monday, Sept. 8.
Zafer Mustafaoglu, division director for the Philippines, Malaysia and Brunei, signed the same agreement on behalf of the Washington-based multilateral lender last Aug. 12.
As both sides have already signed the loan agreement, this financing will take effect in three months’ time.
The five-year loan, which closes on Dec. 31, 2030, will be repaid every June 1 and Dec. 1 starting the year 2036.
The World Bank financing accounted for the bulk of the total project cost amounting to $874.35 million (over P49 billion), with the remaining $174.35 million (nearly P10 billion) to be funded by the Philippine government.
Cette histoire est tirée de l'édition September 10, 2025 de Manila Bulletin.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Manila Bulletin
Manila Bulletin
Sculpting the senses
Ivan Co presents the silent power of his kinetic sculptures with 'Synesthesia' exhibit
2 mins
November 30, 2025
Manila Bulletin
PBBM distributes aid in Zamboanga City
President Ferdinand R. Marcos Jr. met the military and distributed assistance to indigenous groups during a visit here on Friday, Nov. 28.
1 min
November 30, 2025
Manila Bulletin
HK fire death toll rises to 128
Hong Kong firefighters found dozens more bodies Friday in an intensive apartment-by-apartment search of a high-rise complex where a massive fire engulfed seven buildings, and authorities arrested another eight people involved in the towers' renovation. The death toll in one of the city's deadliest blazes rose to 128, and many remain unaccounted for.
2 mins
November 30, 2025
Manila Bulletin
Cavite's economic growth momentum and the rise of Vermosa
Cavite has emerged as one of the Philippines' fastest-expanding economic corridors.
3 mins
November 30, 2025
Manila Bulletin
248 dead in Indonesia floods, landslides
Rescue workers in Indonesia struggled on Saturday to reach victims in several devastated areas that were hit by an earthquake and floods, and authorities feared the confirmed death toll of 248 would rise further.
2 mins
November 30, 2025
Manila Bulletin
The best way to predict the future
In recent months, natural disasters such as typhoons, earthquakes, floods, and man-made fires have occurred with unsettling frequency. Many view these events as signs that the end of the world is drawing near.
2 mins
November 30, 2025
Manila Bulletin
Embracing AI
The world’s biggest music labels have struck Al licensing deals with a little-known startup named Klay Vision, the companies said Thursday, the latest in a series of deals that underlines how the technology is shaking up the music industry ’s business model.
2 mins
November 30, 2025
Manila Bulletin
DepEd, DA roll out 'Kadiwa Program' in school communities
Teachers, other school personnel to have access to P20-per-kilo rice, discounted goods
2 mins
November 30, 2025
Manila Bulletin
Pope prays for unity at historic Christian site
Pope Leo XIV joined Eastern and Western patriarchs and priests Friday in commemorating an important anniversary in Christian history, gathering at the site in Turkey of an unprecedented A.D. 325 meeting of bishops to pray that Christians might once again be united.
2 mins
November 30, 2025
Manila Bulletin
Unity urged as Pasko Fiesta in Davao City kicks off
Davao City formally opened its annual Pasko Fiesta sa Dabaw on Thursday night, Nov. 28, with calls for unity, discipline, and responsible citizenship from the government.
2 mins
November 30, 2025
Listen
Translate
Change font size