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2009 PRESS RELEASE

PRESS OFFICE
EMBASSY OF JAPAN
2627 Roxas Boulevard, 1300 Pasay City, Philippines
Phone:  551-5710 Ext. 2316/Fax: 551-5784
E-mail: press@japanembassy.ph

Press Office - PR#113–2009, December 2, 2009

 

Japan Pledges $250M Yen Loan

 

 

 

 

Japanese Ambassador Makoto Katsura announced today Japan's US$250 million yen loan pledge. The announcement was made during the second Public-Private Sector Dialogue for Post-Disaster Assistance held at the InterContinental Hotel in Makati City and attended by President Gloria Macapagal-Arroyo and representatives from various development partners and agencies.

 

The yen loan package is composed of $100 million for the Development Policy Support Program III (DPSP III) and $150 million emergency budget support. In addition, a JICA fact-finding mission will also be dispatched to the Philippines from December 3, in response to the results of the Post-Disaster Needs Assessment conducted by the World Bank.

 

Ambassador Katsura also mentioned a number of other Japanese assistance projects to the Philippines which are relevant to the recovery and reconstruction process.

 

 

 

 

Speech of Ambassador Makoto Katsura

Japanese Version