Government to Seek More Official Development Assistance

The government will pitch for assistance and support from development partners in November to secure funding. Finance Secretary Carlos Dominguez has been moving to get support for the new government’s first spending plan, which includes more than 80 percent of foreign borrowings sourced from official development assistance (ODA). For 2017, P102.26 billion of the P126.26-billion in gross foreign borrowings will be sourced…

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