Philippines

The government borrowed a total of 322.4 billion Philippine pesos (USD7 billion) from January to April 2010, approximately 31 percent more than its total recorded borrowings for the same period in 2009, Business World reports. Project loans from the Asian Development Bank, World Bank, International Fund for Agricultural Development, and the Japan Bank for International Cooperation amounted to 9.2 billion Philippine pesos of the total borrowings. Program loans from the Japan Bank for International Cooperation, meanwhile, totaled 11.2 billion Philippine pesos.