Two loan packages amounting to a total of $680 million were signed by the Philippine government and the Asian Development Bank on Wednesday.
Finance Secretary Carlos Dominguez 3rd and ADB President Takehiko Nakao signed a $380-million loan agreement for the Improving Growth Corridors in Mindanao Road Sector Project (IGCMRSP) and led an official exchange of documents for the $300-million Encouraging Investment Through Capital Market Reforms (EICMR) Program-Subprogram 2.
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