Increase of Lending Rates by World Bank ( Letter of Instructions No. 430 )
July 17, 1976
July 17, 1976
LETTER OF INSTRUCTIONS NO. 430
| TO | : | The Monetary Board |
| NEDA | ||
| Budget Commission | ||
| Department of Finance |
In view of the recent increase of lending rates by the World Bank, I hereby direct a study of the following: acd
1) Effects on the current cost of money; cd i
2) Alternative sources of low funds, and whether or not the Government should avail of these sources instead of the World Bank; cd
3) The effect on the government's capability to service foreign obligations.
Manila, July 17, 1976. casia