Climate change chief clueless on euro loan | The Philippine Star
MANILA, Philippines – Climate Change Commission vice chairman Heherson Alvarez said he was unaware of the disbursement of the 150-million euro (roughly P10.5-billion) French loan that was originally intended to enhance the Philippines’ capability to deal with climate change but was used instead to plug the yawning budget deficit.
Alvarez, a former senator, said he never received any information about the loan and he only learned of its existence on June 23 in a meeting with officials of the Agence Française de Développement (AFD), which facilitated the loan.
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