PH’s foreign borrowings for COVID-19 hit $8.13 billion

MANILA, Philippines — Foreign borrowings and grants secured by the Philippines to fight the health and socioeconomic crises caused by COVID-19 further inched up to nearly P400 billion as of August, the Department of Finance (DOF) said. Its latest report showed that as of Aug. 5, the DOF raised $7.63 billion in program loans from […]