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France grants 150 million euro loan for developing LGU finances

The French government has granted a P9.3-billion (150 million euro) loan to the Philippines to improve the country’s machinery of local government, its Manila embassy said Tuesday in a statement.

The loan, packaged as Local Government Financial and Budget Reform Program, subprogram 2 (LGFBR-2), aims to help improve efficiency and effectiveness in delivering basic public services to... read more