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Loan 2315: Development Policy Support Program - Subprogram IThe Republic of the Philippines has received a loan from the Asian Development Bank (ADB) towards the cost of the Development Policy Support Program (DPSP)- Subprogram I. The loan was approved 8 February 2007. The DPSP will support the Government's efforts to (i) achieve and sustain higher economic growth and (ii) reduce poverty and unemployment. Subprogram I focuses on four core policy areas: (i) improved fiscal sustainability; (ii) improved governance in public expenditure management and reduction in corruption; (iii) strengthening the investment climate; and (iv)social inclusion. ProcurementThe loan proceeds will be used to finance the full foreign exchange costs (excluding local duties and taxes) of items produced and procured in ADB member countries (other than items specified in the list of ineligible items and imports financed by other bilateral and multilateral sources). Interested bidders from ADB's member countries who wish obtain additional information may contact: Department of Finance General Procurement Notice |
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