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$400 Million ADB Loan to Help Philippine Local Governments Provide More Efficient Public Services.

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ENPNewswire-August 30, 2021--$400 Million ADB Loan to Help Philippine Local Governments Provide More Efficient Public Services

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Release date- 27082021 - ADB is helping the Philippines implement reforms to ensure local governments have the capacity and adequate resources to quickly respond to the basic needs of their communities, including health care.

$400 Million ADB Loan to Help Philippine Local Governments Provide More Efficient Public Services

The Asian Development Bank (ADB) has approved a $400 million policy-based loan to the Philippines to help improve local governments' capacity to provide high-quality public services, especially during the coronavirus disease (COVID-19) pandemic.

The Local Governance Reform Program Subprogram 2 will help strengthen local government units' (LGUs) service delivery framework, modernize local public financial management, and improve LGUs' financing and investment framework.

'Much is expected from LGUs, especially now, as they are at the forefront of public service delivery during the COVID-19 pandemic,' said ADB Public Finance Economist for Southeast Asia Aekapol Chongvilaivan. 'The reform program will help ensure local governments have the capacity and adequate resources to quickly respond to the basic needs of local communities at critical times like this.'

Under the new program, ADB is supporting reforms to move national government functions to LGUs based on the 1991 Local Government Code. Another reform will increase revenue allocations to LGUs under...

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