LETTER OF INSTRUCTION NO. 430, July 17, 1976
LETTER OF INSTRUCTION NO. 430, July 17, 1976
Letters of Instruction July 17, 1976
| TO: |
The Montary 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:
| (1) |
Effects on the current cost of money;
|
|
| (2) |
Alternative sources of low cost funds, and whether or not the Government should avail of these sources instead of the World Bank;
|
|
| (3) |
The effect on the government’s capability to service foreign obligation
|
(Sgd.) FERDINAND E. MARCOS
President of the Philippines
President of the Philippines