The Agence Française de Développement is willing to provide the Philippine government some €100 million ($132 million) in loans annually for the next 12 to 20 years.
Luc de Cabellec, AFD country director in the Philippines, said the agency is a long-term provider with projects in the transport, water supply and sanitation sectors, and would like to be involved the forestry sector as well, Inquirer.net reports. He said there is a “huge need” for reforestation and for sustainable, environment-friendly development projects in the country, notes BusinessWorld Online.
The amount of the loans to be extended to the Philippines will depend on the country’s macroeconomic situation and the request coming from the government. De Cabellec said projects to be covered by the loans have to be aligned with the Philippine Development Plan, the country’s medium-term macroeconomic blueprint.
Meanwhile, the Japan International Cooperation Agency is conducting feasibility studies in three infrastructure projects in the Philippines, the Manila Standard Today reports. The studies are part of the agency’s plans to extend concessional loans to projects under the government’s public-private partnership program.
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