|
THE
government is willing to exceed its self-imposed credit
ceiling in so-called official development assistance or
ODA sources as “alternate financing” to supplement what
has not been forthcoming from both local and foreign
sources of funding.
Roberto
Tan, officer-in-charge at the Bureau of Treasury, said
on Tuesday that the tapping of more ODAs than was
planned originally had been discussed informally with
the various agencies involved.
“That is
an option,” Tan said when asked if the government has
plans to exceed the $1.466-billion ceiling on ODA loans
programmed this year.
ODAs are
loans obtained from foreign governments friendly to
Manila’s interests, and are often extended at
below-market interest rates.
Because
such loans are individually pursued, funds from such
sources are alternately called bilaterals.
THE
government is willing to exceed its self-imposed credit
ceiling in so-called official development assistance or
ODA sources as “alternate financing” to supplement what
has not been forthcoming from both local and foreign
sources of funding.
Roberto
Tan, officer-in-charge at the Bureau of Treasury, said
on Tuesday that the tapping of more ODAs than was
planned originally had been discussed informally with
the various agencies involved.
“That is
an option,” Tan said when asked if the government has
plans to exceed the $1.466-billion ceiling on ODA loans
programmed this year.
ODAs are
loans obtained from foreign governments friendly to
Manila’s interests, and are often extended at
below-market interest rates.
Because
such loans are individually pursued, funds from such
sources are alternately called bilaterals. |
