german development cooperation / german technical cooperation (gtz)
german development cooperation / german technical cooperation (gtz)
german development cooperation / german technical cooperation (gtz)
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INTERNATIONAL FINANCE CORPORATION<br />
Key Area Project Focal Person Program/Proje<br />
cts/<br />
Components<br />
LGU Finance Valentino Bagatsing<br />
IFC<br />
(02) 848-7333<br />
vbagatsing@ifc.org<br />
INVENTORY OF PROGRAMS, PROJECTS, AND<br />
INITIATIVES ON LOCAL AND REGIONAL DEVELOPMENT IN THE PHILIPPINES<br />
Brief description of<br />
objectives and activities<br />
Municipal Fund This will enable LGUs to access financing<br />
directly from the IFC, a member of the<br />
World Bank Group to fund <strong>development</strong><br />
projects without needing sovereign<br />
guarantee<br />
Implementers Covered LGUs Date of<br />
Impleme<br />
ntation<br />
WB, IFC Nationwide (eligible<br />
borrowers are provincial<br />
and city LGUs)<br />
Status Budget<br />
(Million)<br />
This document is an updated version of the inventory of programs and projects found in the “Feasibility Study to Establish a Local Governance Development Program (LGDP) in the Philippines (prepared for<br />
AusAID by the Feasibility Study Mission,September 2005).” This includes recently completed and ongoing projects.<br />
Funding<br />
Source<br />
Ongoing IFC