Philippine Information Agency
30 Nov 2020, 17:38 GMT+10
QUEZON CITY, Nov. 30 (PIA) - The Development Bank of the Philippines (DBP) allotted an initial Php10 billion credit assistance to local government units, water districts, and private companies under the Lending Initiatives for Sanitation (LINIS) program.
DBP Program Officer Enrico Lanzanas during the second webinar series on Financing Household Sanitation as part of the celebration of World Toilet Day 2020 shared that the program was launched in 2019 to fund infrastructure, facilities, truck equipment, feasibility studies, and detailed engineering designs .
Meanwhile, the Department of Health (DOH) committed to supporting LGU sanitation programs through policy development and technical assistance such as linking them to international and local funding institutions such as the DBP-LINIS program.
National Economic Development Authority (NEDA) Assistant Secretary Erick Planta said the government is championing sanitation but development partners are needed to help bridge the gap.
"Important pieces of the puzzles should be there [and] we need our development partners' help. We need a bigger community to help us bridge the gap," Planta said while emphasizing that financing support needs to complement the behavioral change.
To avail of DBP-LINIS Program, interested parties may visit the DBP website www.dbp.ph or to the nearest DBP lending centers for more details. (MBP/PIA-IDPD)
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationKUALA LUMPUR, Malaysia - After almost four years, the Bangladesh High Commission in Malaysia on Tuesday welcomed the first group ...
BIRMINGHAM, UK - Arshad Nadeem was hailed by the entire country late Sunday for his outstanding performance in the Commonwealth ...
YANGON, Myanmar - According to the ruling military administration, a Japanese journalist detained in Myanmar has been charged with violating ...
DHAKA, Bangladesh - On Sunday, China pledged to assist Bangladesh in repatriating thousands of Rohingya refugees to Myanmar.Bangladesh Foreign Minister ...
ABU DHABI, UAE - The UAE plans to invest $1 billion in Pakistani companies across multiple sectors, according to the ...
KATHMANDU, Nepal - Nepal says it is closely monitoring the recent Taiwan issue and remains committed to the one-China policy.Sewa ...
NEW YORK, New York - U.S. stocks rose sharply on Wednesday despite the latest reading that inflation in the United ...
DELHI, India: India's defense ministry has said that the country has offered to sell 18 Tejas light single-engine jet combat ...
WARSAW, Poland: Julie, who preferred not to give her full name, booked a group of trips to Warsaw last year, ...
SYDNEY, NSW, Australia - Stocks traded lower in Asia on Wednesday. Technology stocks were the hardest hit, and the exchange ...
WASHINGTON D.C.: As prices for food and other basic staples are rising, U.S. demand for grocery deliveries is cooling, with ...
KUALA LUMPUR, Malaysia - After almost four years, the Bangladesh High Commission in Malaysia on Tuesday welcomed the first group ...