Philippines Eyes JICA Loan for Post-storm Reconstruction

The Philippines will borrow up to 5 billion Philippine pesos (USD112 million) from the Japan International Cooperation Agency to fund the rehabilitation of key infrastructure damaged by the strong storms that hit the country in late 2009, Inquirer reports. JICA earlier agreed to support the Philippines’ rebuilding efforts.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.