MEETING WITH THE HUNGARIAN GOVT FOR THE LOAN FACILITY

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MEETING WITH THE HUNGARIAN GOVT FOR THE LOAN FACILITY.

Laguna Lake Development Authority General Manager Jaime Medina – joined by the Department of Agriculture Manny Pinol and other Philippine delegation- met with István Joó, Ministerial Commissioner for Water Diplomacy, Export and the Danube Region Strategy, and György Papòcsi, CEO of HydroFilt, Hungary's second biggest Water Services and Waste Water Treatment company, as well as other water management experts and environment groups in Hungary last September 22. The recent trip was set to further discuss the plans of Hungary’s Eximbank to extend an EU510-M loan facility to finance development projects in the Philippines.

LLDA GM Medina is proud to announce that Eximbank, as shared by its Deputy Chief Executive Officer Andraś Puskaś, is ready to push the multi-million partnership forward as soon as the respective governments finalize the agreement.

This effort is seen to greatly help LLDA’s mission of cleaning up Laguna Bay, which is the largest freshwater lake in the country and which provides 40% of Metro Manila’s fish requirements. Laguna Lake is also home and the source of livelihood of millions of Filipinos. Unfortunately, the health of the lake is being threatened by overfishing, pollution and siltation. LLDA is committed to protecting the communities and cleaning up the Lake to a healthy state. We look forward to working with the Hungarian government to fully realize our goals!

(Photos courtesy of DA Sec. Manny Pinol)