Loan AgreementLoan Agreement • July 29th, 2011
Contract Type FiledJuly 29th, 2011AGREEMENT dated June 15, 2011, entered into between the REPUBLIC OF THE PHILIPPINES (“the Borrower”) and the INTERNATIONAL BANK FOR
Loan Agreement (First Development Policy Loan to Foster More Inclusive Growth) betweenLoan Agreement • July 27th, 2011
Contract Type FiledJuly 27th, 2011AGREEMENT dated June 15, 2011, entered into between the REPUBLIC OF THE PHILIPPINES (“the Borrower”) and the INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (“the Bank”) for the purpose of providing financing in support of the Program (as defined in the Appendix to this Agreement). The Bank has decided to provide this financing on the basis, inter alia, of (a) the actions which the Borrower has already taken under the Program and which are described in Section I of Schedule 1 to this Agreement, and (b) the Borrower’s maintenance of an appropriate macroeconomic policy framework. The Borrower and the Bank therefore hereby agree as follows: