Philippines to Develop Roads With OPEC Loan

The Organization of Petroleum Exporting Countries has approved a USD30 million loan for the maintenance of 10 major roads along the western coast of the Philippines, according to

. The loan will provide partial financing for civil works, program implementation, program support and capacity development under a three-year infrastructure project.

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.