Finance Secretary Benjamin E. Diokno has underscored that the swift enactment of the PHP 5.768 trillion General Appropriations Act (GAA) for 2024 is a testament to the strong collaboration and firm resolve of President Ferdinand R. Marcos, Jr.’s administration and members of both Houses of Congress to accelerate economic growth in the country.

The Marcos, Jr. administration is set to construct the Bataan-Cavite Interlink Bridge (BCIB)––one of the world’s longest marine bridges, after signing a loan agreement with the Asian Development Bank (ADB) for the first tranche of financing for the project on December 15, 2023.

Key officials from the Philippine and Swedish governments jointly held a workshop on December 13, 2023 to explore potential opportunities for cooperation in financing key infrastructure and development projects in the Philippines to further strengthen the bilateral ties between the two nations.

The government wrapped up its final leg of the Philippine Economic Briefing (PEB) for the year in Iloilo City--situated in the fastest-growing region in the Philippines--where key government officials outlined the Marcos, Jr. administration’s strategies to achieve inclusive and sustainable economic transformation.

Finance Secretary Benjamin E. Diokno has underscored the importance of mobilizing blended finance to scale up climate action during a series of events at the 2023 United Nations Climate Change Conference (COP28) Finance Day on December 4, 2023 in Dubai, United Arab Emirates (UAE).