Defining the News
The Department of Finance said Tuesday it obtained a commitment from the OPEC Fund for International Development for technical assistance to address right-of-way acquisition issues to support the smooth implementation of the government’s big-ticket infrastructure projects.
The OPEC Fund is the only globally mandated development institution that provides financing from member countries to non-member countries. It works with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world.
The DOF said during the meeting, the OPEC Fund expressed its interest to co-financing the Public Financial Management Reform Program Subprogram 1 with the Asian Development Bank .The PFMRP will support the Philippine Development Plan 2023-2028 and is aligned with the strategic pillar on accelerating infrastructure and long-term investments in ADB’s country partnership strategy for the Philippines for 2018-2023.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOF scores OPEC Fund commitment to address right-of-way issuesThe DOF said it secured the OPEC Fund for International Development's commitment to provide technical assistance on the right-of-way issues.
Read more »
DoF gets assistance for ROW issuesTHE Department of Finance (DoF) has obtained a technical assistance commitment from the OPEC Fund for International Development (OPEC Fund) to address right-of-way (ROW) acquisition issues.
Read more »
Japan town to block Mount Fuji view from troublesome touristsDefining the News
Read more »
DOJ appeals for patience, but remains confident Bantag will also be arrested soonDefining the News
Read more »
Angeles City to install 1,500 solar lights in major, secondary roadsDefining the News
Read more »
Philippine settlement submerged by dam reappears due to droughtDefining the News
Read more »