Loan Agreement between Republic of the Philippines and International Bank for Reconstruction and Developnment

Abstract:

AGREEMENT, dated December 14, 1999, between REPUBLIC OF THE PHILIPPINES (the Borrower) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank).

WHEREAS (A) the Bank has received from the Borrower a letter dated June 22, 1999, describing a program designed to reduce poverty among the rural communities within the twenty-four provinces in Mindanao, Philippines, by improving their incomes and food security (the Program, as hereinafter defined) and declaring the Borrower’s commitment to the execution of said Program;

(B) the Borrower has requested that the Bank assist in the financing of the Program, through a series of loans, over a period of approximately twelve years;

(C) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement (the Project), which Project forms the first phase of the Program, has requested the Bank to assist in the financing of the Project;

Info
Source InstitutionWorld Bank
Source URLhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/EAP/2004/12/15/6207DB41BCBC515C85256F030013F546/1_0/Rendered/PDF/6207DB41BCBC515C85256F030013F546.pdf
Page Count22
Place of PublicationPasig City
Original Publication Date
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