Posted on November 26, 2009 - by boris
ADB Extends Budget Reform Assistance to Philippines’ Local Governments…
The Asian Development Bank (ADB) will support the Philippines’ ongoing efforts to transfer responsibility for the delivery of basic services from the central government to the local government level.
The ADB’s Board of Directors today approved a $225 million loan for Subprogram 2 of the Local Government Financing and Budget Reform Program, which aims to improve the efficiency and effectiveness of service delivery by expanding fiscal resources and financing options for local governments.
“Decentralization has brought choices closer to the people while opening up space for innovative responses and solutions to service delivery issues,” said Tariq Niazi, Senior Public Sector Management Specialist in ADB’s Southeast Asia Department. “This new program will allow local governments to enhance their capacity to plan and budget for the general welfare of their communities in a transparent and accountable way.”
Source: http://www.finchannel.com/news_flash/Banks/52689_ADB_Extends_Budget_Reform_Assistance_to_Philippine_Local_Governments/
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