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U.S., Philippines sign $20-million PL 480 commodity loan agreement

 

U.S. Embassy Chargé d’Affaires Darryl Johnson (second, right) and Philippine Finance Secretary Margarito Teves shake hands after signing a $20-million commodity loan agreement

U.S. Embassy Chargé d’Affaires Darryl Johnson (second, right) and Philippine Finance Secretary Margarito Teves shake hands after signing a $20-million commodity loan agreement
(Above:) U.S. Embassy Chargé d’Affaires Darryl Johnson (second, right) and Philippine Finance Secretary Margarito Teves shake hands after signing a $20-million commodity loan agreement on August 10 in Manila. Provided under the U.S. PL 480 Title I program, the loan will finance the importation of high quality rice from the United States. The Philippine government will use the proceeds from the local sale of the rice will to help fund the country’s development programs. With them are U.S. Embassy Agriculture Counselor David Miller (right) and Philippine Agriculture Undersecretary Segfredo Serrano (left).

Related link:

-- Press release on the signing of the $20-M commodity loan agreement

 

Secretary Teves and Chargé Johnson lead a toast after the signing of the agreement at the Department of Finance in Manila. Agriculture Undersecretary Serrano (below, right) and Finance Undersecretary Roberto Tan (right) greet the Chargé before the signing ceremony.

(Left photo:) Secretary Teves and Chargé Johnson lead a toast after the signing of the agreement at the Department of Finance in Manila. Agriculture Undersecretary Serrano (below, right) and Finance Undersecretary Roberto Tan (right) greet the Chargé before the signing ceremony.

Agriculture Undersecretary Serrano (below, right) and Finance Undersecretary Roberto Tan (right) greet the Chargé before the signing ceremony.

 

Related Link:

-- Transcript of Chargé d’Affaires Darryl Johnson’s remarks on the signing of the P.L. 480 signing at the Department of Finance, August 10, 2005

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Last Update :: 01/08/2007
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