DFA Loan Guarantee for Embassy Property Purchase

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EXECUTIVE ORDER NO. 353: DFA Loan Guarantee for Embassy Property Purchase

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Title Source: Supreme Court: DFA Loan Guarantee for Embassy Property Purchase

Law: Executive Order No. 353

Decision Date: Jun 28, 1996

Fidel V. Ramos mandates the Department of Foreign Affairs to secure a $9.59 million loan from the Philippine National Bank for acquiring properties in Madrid, Rome, and Los Angeles, ensuring budget allocations for loan amortization from 1997 to 2001 to enhance the Philippine foreign service's facilities ahead of the 1998 Centennial celebrations.

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