The House of Representatives has unanimously approved on third and final reading a bill that will help guarantee the effectiveness of loans secured by government under the Official Development Assistance. Infrastructure project Principally authored by Makabayan lawmakers, House Bill 10322 was...
Government borrowings grew at a much slower pace in the first nine months of the year as the need for additional financing to augment the country’s coronavirus war chest started to wane, data from the Bureau of the Treasury revealed. The Duterte administration’s gross borrowings in January to...
The Department of Finance (DOF) reported it has disbursed $19.8 billion of the total foreign loans and grants for coronavirus response of the Duterte administration. DOF Building in Manila Since the pandemic began last year, the government’s COVID-19 war chest from foreign financing and grant...
The central bank’s Monetary Board has approved $2.8 billion worth of government or public sector foreign borrowings in the second quarter this year, down by 59 percent from same time in 2020 of $6.84 billion. The government raised EUR2.10 billion ($2.49 billion) from a Euro-denominated bond...
The Duterte administration has already secured $18.4 billion worth of foreign loans, equivalent to about P886.1 billion, to support the country’s coronavirus response, the Department of Finance (DOF) said. Of that total amount, Finance...
The Duterte administration has borrowed P741.59 billion from foreign creditors last year for the country’s coronavirus response, the Department of Finance (DOF) said. Data from the DOF’s International Finance Group (IFG) showed that the government has contracted a total of $17.06 billion,...
