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Philippines - Banking System Reform Loan (Inglés)

The assessment of outcome was unsatisfactory, sustainability unlikely, and institutional development impacts only modest. Lessons learned are as follows. Since the risk that Congress would not enact all of the envisaged legislation was not only recognized, but was actually a main subject of discussion during negotiations, the explicit mention (on the President Report) of such risks should have specified the enactment of contentious legislation into...
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