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Philippines - Debt swap - Local funds


€ 57,550
€ 57,550


Italian Agency for Development Cooperation (DGCS until 2015)

Channel reported



The debt swap program is regulated by an agreement signed on May 29, 2012 by the governments of the Republic of the Philippines and the Italian Republic and entered into force in October 2012. The debt originally contracted by Philippine Government will be converted into development projects aimed to promoting socio-economic development and environmental protection. A broad social participation of local communities in development processes, the protection of biodiversity and natural resources will be keys to the achievement of the objectives of the program. The projects are selected through a transparent process of calls for proposal; today the first call is concluded and 8 projects selected among the 127 participants were admitted to the financing. read more close

Year Committed Used
2013 € 57,550 € 57,550

Project data

  • Expected start date 29/09/2013
  • CRSID2013000095
  • Purpose Public sector policy and adm. management
  • Finance type Aid grant excluding debt reorganisation
  • Flow type Official Development Assistance
  • Bi/Multilateral Bilateral
  • Free Standing Technical Cooperation