Amendments to Foreign Borrowing Act

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PRESIDENTIAL DECREE NO. 81: Amendments to Foreign Borrowing Act

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Title Source: Supreme Court: Amendments to Foreign Borrowing Act

Law: Presidential Decree No. 81

Decision Date: Dec 14, 1972

Ferdinand E. Marcos authorizes the Philippine government to contract up to one billion dollars in foreign loans for infrastructure, industrial, and agricultural development projects, ensuring that a significant portion is allocated to income-generating initiatives while maintaining strict oversight and conditions for borrowing.

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