iCSC's climate finance initiative banner story in second largest Philippine newspaper

P10.5-BILLION CLIMATE FUND USED TO PLUG DEFICIT
The Philippine Star

MANILA, Philippines, July 17, 2010 - Before the May elections, the Arroyo administration used up the entire 150 million euros or roughly P10.5 billion of a French loan that Paris thought was for climate change mitigation – but the fund was used to plug the budget deficit.

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