France is providing €250 million (approximately P15.89 billion) worth of loan to the Philippines to scale up its efforts to adapt to climate change and mitigate the economic risks and losses associated with the climate crisis. DOF Secretary Ralph Recto and French Ambassador Marie Fontanel at the...
The Department of Finance (DOF) and the Agence Française de Développement (AFD) have signed a loan for disaster risk reduction at the local level, as well as disaster preparedness and response. In a statement on Monday, Dec. 20, the DOF said that the €250 million policy-based loan,...
Rural banks in the Philippines will soon join other bigger commercial banks in providing digital and contactless transactions to poorer communities or rural areas across the country, especially under the coronavirus pandemic. French Development Agency (AFD website) Thanks to the French Development...
The Rural Bankers Association of the Philippines (RBAP) and the French Development Agency (AFD) have signed a Grant Facility Agreement of 800,000 euros, approximately P47.9 million, to support the digital transformation of inclusive financial institutions, starting with rural banks. In a statement,...