The Asian Development Bank on Tuesday approved a US $ 150 million concessional loan to help Afghanistan rebuild damaged roads, power facilities and natural gas infrastructure.
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The United States controls one-third of the votes at the Inter-American Development Bank, where Colombia has more than $ 200 million worth of concessional loans pending.
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The agreements signed Wednesday cover economic and technical cooperation, a concessional loan to Myanmar and the promotion of trade and investment, said the official Myanma News Agency.
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The assistance package consists of dlrs 40 million of concessional loans and dlrs 13 million in technical assistance covering exchange of experts, equipment financing and continuing education.
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Bagatsing, meanwhile, welcomed the Social Security System's plan to allot an initial P200 million from the State Insurance Fund to finance emergency concessional loans to retrenched workers.
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OECF's concessional loans carry low interest rates of 0 . 05-2 . 25 per cent with a 40-year repayment period and a grace period of 10 years.
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The Asian Development Bank said Tuesday it has approved a dlrs 200 million concessional loan to help finance a coal-fired electric power plant in China's Henan province.
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The Asian Development Bank on Tuesday approved a dlrs 17.2 million concessional loan to Nepal to improve facilities at six airports to help develop the nation's tourist industry.
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The project is to be funded by a concessional loan by the Australian government's Export Finance and Insurance Corp . and a grant from its aid agency, AusAID.
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This year, Japanese contributions, made through the Overseas Economic Cooperation Fund, totaled dlrs 143 . 81 million in grants and dlrs 1 . 13 billion in concessional loans.