Gov’t got BSP nod for $5.6B in foreign loans to fund pandemic fight

The central bank has approved a large batch of fo­reign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out that the country’s debt profile remains favorable despite the borrowing spree. In a statement, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the policy making […]

PH to get $1.9B in new loans from World Bank

The World Bank will approve financing for another $1.9 billion in projects in the Philippines before yearend to help the economy recover from the COVID-19-induced recession, the Department of Finance (DOF) said on Friday. Specifically, the World Bank said in a recent...

$1B in new World Bank loans to PH up for OK in Sept

The World Bank will extend three more loans worth about $1 billion to the Philippines by September to help in COVID-19 response and recovery efforts, the Department of Finance (DOF) said on Friday. In a statement, the DOF said the concessional finan­cing extended by...