Monday 5 December 2011

Philippines - Regional Infrastructure for Growth Project

WASHINGTON, December 1, 2011 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$50 Million Equivalent Terms: Maturity = 30 years Grace = 10 years Project ID: P108904 Project Description: The project will help stimulate integrative investment by improving access to finance for public infrastructure and services. It will also contribute to the economic recovery of participating local governments by sustaining financing for infrastructure and services.