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Recto completes his team with newly appointed Chief Economist and Undersecretaries for fiscal policy formulation and revenue operations

Finance Secretary Ralph G. Recto has completed his team at the Department of Finance (DOF) with President Ferdinand R. Marcos, Jr.’s newly appointed Chief Economist and two Undersecretaries tasked to…

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April 24, 2024
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Inter-Agency Task Force on Sustainable Finance doubles efforts to mobilize financing to catalyze green investments and drive sustainable growth

The Inter-Agency Task Force on Sustainable Finance (ITSF) has doubled its efforts to mobilize various sources of public and private financing with the issuance of the Sustainable Finance Taxonomy Guidelines…

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April 23, 2024
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Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank

Finance Secretary Ralph G. Recto has positioned the Philippines at the forefront of crisis and disaster response by being the first country to sign the Rapid Response Option (RRO) agreement with the World Bank Group (WBG).

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April 22, 2024
Read more about the article Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank
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Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs

Finance Secretary Ralph G. Recto has secured commitments from Asian Development Bank (ADB) President Masatsugu Asakawa to support key priority development programs for the Philippines, focusing on boosting digitalization, improving human capital and infrastructure, and enhancing disaster preparedness.

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April 21, 2024
Read more about the article Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs
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Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed

Finance Secretary Ralph G. Recto has received full support from World Bank Group (WBG) President Ajay Banga on his key priority to fully digitalize the country’s tax system, with the Bank set to assemble a dedicated team to conduct workshop and assist the Department of Finance (DOF) in enhancing its digital infrastructure to improve tax payment and collection efficiency.

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April 20, 2024
Read more about the article Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed
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Recto successfully pitches PH as an attractive investment hub, gathers strong interest from American investors during PH Dialogue

Finance Secretary Ralph G. Recto has successfully pitched the Philippines as an attractive investment hub, gathering strong interest from American investors during the Philippine Dialogue held on April 17, 2024 at The Ritz-Carlton in Washington, D.C.

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April 19, 2024
Read more about the article Recto successfully pitches PH as an attractive investment hub, gathers strong interest from American investors during PH Dialogue
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Recto successfully presides G24 Ministerial Meeting, stresses urgent and unprecedented global cooperation as fate of future generations hinges on today’s actions

Finance Secretary Ralph G. Recto successfully presided over the Intergovernmental Group of Twenty-Four (G-24) on April 16, 2024 as Chair of the Board of Governors where he called upon the international financial institutions to act decisively and ramp up support, emphasizing that this is a defining moment that will shape the fate of developing nations.

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April 18, 2024
Read more about the article Recto successfully presides G24 Ministerial Meeting, stresses urgent and unprecedented global cooperation as fate of future generations hinges on today’s actions
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Recto secures World Bank’s support on PH gov’t digitalization program to enhance tax administration, among other key areas

Finance Secretary Ralph G. Recto has kicked off the World Bank-International Monetary Fund (WB-IMF) Spring Meetings this year with a high-level meeting with World Bank Group (WBG) top officials where he secured support for the Philippine government’s digitalization program to enhance tax administration, among other key areas.

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April 17, 2024
Read more about the article Recto secures World Bank’s support on PH gov’t digitalization program to enhance tax administration, among other key areas
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Recto: PBBM’s historic working visit to Washington for the Trilateral Leaders’ Summit ensures economic security for Filipinos

Finance Secretary Ralph G. Recto has underscored that President Ferdinand R. Marcos, Jr.’s working visit to Washington, D.C. from April 10 to 14, 2024 for the inaugural Trilateral United States-Japan-Philippines…

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April 16, 2024
Read more about the article Recto: PBBM’s historic working visit to Washington for the Trilateral Leaders’ Summit ensures economic security for Filipinos