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[LETTER OF INSTRUCTION NO. 430, (1976-07-17)](
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[ LETTER OF INSTRUCTION NO. 430, July 17, 1976 ]

The Montary Board
Budget Commission
Department of Finance

In view of the recent increase of lending rates by the World Bank, I hereby direct a study of the following:

Effects on the current cost of money;
Alternative sources of low cost funds, and whether or not the Government should avail of these sources instead of the World Bank;
The effect on the government's capability to service foreign obligation

President of the Philippines