JAPAN is yet to release the 900 billion yen in loans that it had pledged for the Philippines to fund the country’s railway projects, according to the Japan International Cooperation Agency (JICA).
At a briefing in Makati City on Thursday, JICA Senior Representative Kiyo Kawabuchi said the aid agency had so far released only 400 billion yen out of the 1.3 trillion yen it had committed to give.
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