JICA says it will continue partnership with Phillippines even after reaching upper middle income status
June 20, 2019
The Japan International Cooperation Agency (JICA) said on Thursday that it will continue partnership Philippines after getting upper middle income country status.
JICA Philippines Senior Representative Kiyo Kawabuchi said the agency will maintain its partnership and support to the Philippine government's "Build, Build, Build" program after the country reach higher economic classification.
To date, the executing agency of the Japan's Official Development Assistance (ODA) grants loans and handles technical operations of railway projects under the Department of Transportation (DOTr) with only 0.1 percent interest rate.
Kawabuchi explained once the country becomes an upper middle income economy within the year, the agency's set terms and conditions will change.
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