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LESSONS:

Philippines: Bukidnon Integrated Area Development Project

sector: Agriculture, Natural Resources, and Rural Development | country: Philippines

The financial impact of projects on local governments needs to be ascertained at project preparation to ensure that these can meet their financial obligations. For example, it would have been clear that the Bukidnon Integrated Area Development Project in the Philippines could not have met the financial requirements of the project�to invest $12 million of its own resources, and to pay high interest on $14 million borrowed from Mindanao Development Fund. Unless viable options are found to fund local investments, a project of this type should not proceed. [Main text, para. 23]

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