COVID-19 foreign loans, grants hit $7.76 billion

COVID-19 foreign loans, grants hit $7.76 billion

MANILA, Philippines — Foreign borrowings, loans, and grant assistance secured by the Philippines to fight the COVID-19 pandemic amounted to a total of $7.76 billion (over P386 billion) as of July 1, with two-thirds of the proceeds already injected into the budget, the Department of Finance (DOF) said. In a report, the DOF said $7.63 […]
PH’s COVID-19 loans, grants hit $6.508 billion

PH’s COVID-19 loans, grants hit $6.508 billion

MANILA, Philippines — The loans and grants secured by the Philippines to finance COVID-19 response climbed to $6.508 billion (over P325 billion) to date after it signed a $750-million loan agreement with the Beijing-based Asian Infrastructure Bank (AIIB). In a...