ADB OKs $300M loan for PH LGUs to deliver services, reduce poverty

By: - Reporter / @daxinq
/ 04:10 PM November 14, 2019

The Asian Development Bank has approved a $300-million loan to support efforts to help local government units nationwide deliver high-quality and accountable services, push progress and reduce poverty.

In a statement, the Manila-based multilateral lender said the loan, which is part of its Local Governance Reform Program, will help local governments meet needs of citizens.


It would also ensure delivery of basic services aligned with local nuances, improve revenue collection by local government units and lower costs of doing business for the private sector.

The program is in line with the government’s plan to expand the role of LGUs as catalysts of local economic development as outlined in the Philippine Development Plan 2017–2022.


Edited by TSB

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: ADB, Business, LGUs, loan, local governments, Poverty, Reform, services
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.