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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

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