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;
|Source Institution||World Bank|
|Place of Publication||Pasig City|
|Original Publication Date|