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The Intergovernmental Fiscal Policy Board has approved guidelines on official development assistance loans for the Bangsamoro Autonomous Region in Muslim Mindanao , the Department of Finance said Tuesday.In a statement, the DOF said approval of the ODA guidelines for the BARMM paves the way for the Bangsamoro region’s access to foreign-assisted projects and programs that will support its inclusive development.
Under the guidelines, the Bangsamoro government can take out loans to finance investment, social, and economic development projects for the welfare of the people of the Bangsamoro, provided that ODAs must only be used in the absence of other financial instruments in the capital market and that it must contain a grant element of 25%.
DOF Official Development Assistance
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