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foreign-assisted project

A foreign-assisted project, sometimes referred to as Official Development Assistance (ODA) project, is a project partly or wholly funded from foreign sources either through soft loans or grants (financial or in-kind), or a combination thereof, on the basis of a loan or grant agreement, Memorandum of Understanding, Note Verbale, or similar contracts/ instruments entered into by the Government of the Philippines (GOP) with a foreign financing or donor institution or country.