PH to get 100-M euro loan from France


Posted at Nov 01 2017 08:29 PM

MANILA - The Philippines is set to get a loan of 100 million euros or around P6-billion from France, the Department of Finance said Wednesday.

The loan from the Agence Française de Développement will be used to support the Local Government Finance and Fiscal Decentralization Reform Program, the DOF said. 

The DOF expects the loan to be disbursed either in the fourth quarter of this year or the first quarter of 2018.