Tag: $400-million loan

PHL, ADB sign $400-million loan agreement to help boost country’s domestic capital markets

(Eagle News)–The Philippines and the Asian Development Bank have signed a $400-million loan agreement that aims to help boost  domestic capital markets amid the COVID-19 pandemic. The Department of Finance said the  loan for the Support to Capital Market Generated Infrastructure Financing, Subprogram 1 (SCMGIF1) is set for accelerated disbursement this year. The loan is expected to be effective by June 10 and be fully disbursed by June 15, with a maturity period of 15 […]