BSP to limit LGU loans from banks
The Bangko Sentral ng Pilipinas (BSP) wants to restrict the borrowings of local government units (LGUs) from government banks such as Land Bank of the Philippines, the Development Bank of the Philippines and Philippine Veterans Bank. The Monetary Board, which issued a resolution in January instructing a review of the BSP’s jurisdiction to limit LGU loans from GFIs, is currently assessing banks …

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