Finance Secretary Carlos Dominguez III and Mr. Akihiko Tanaka, the President of the Japan International Cooperation Agency (JICA), sign the agreement for a 30-billion yen loan under the second phase of the COVID-19 Crisis Response Emergency Support Loan (CCRESL 2) facility. This yen loan package aims to support the Philippine government’s continuing efforts to rapidly recover from the COVID-19 pandemic and fully return its economy to the path of high, inclusive growth.
Finance Secretary Carlos Dominguez III receives from Philippines Ports Authority (PPA) General Manager Jay Santiago a cheque for P4.08 billion representing the agency's dividend contributions from its net earnings in 2021.
Finance Secretary Carlos Dominguez, on behalf of the Philippine Government, and Japan International Cooperation Agency (JICA) Chief Representative Eigo Azukizawa, on behalf of the Government of Japan, signed the JPY 253.31 billion (about P112.87 billion or US$2.2 billion) 2nd tranche funding for the construction of the Metro Manila Subway Project on Thursday (February 10) at the Department of Finance (DOF) Building in Roxas Blvd. Manila.
Finance Secretary Carlos Dominguez, on behalf of the Philippine Government, and Country Chief Representative Jaejeong Moon of the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF), on behalf of the Korean Government, sign the US$100-million second phase Program Loan for COVID-19 Emergency Response Program—Vaccination Program (PLCERP II). Secretary Dominguez and KEXIM-EDCF Country Chief Representative Moon were joined by the Ambassador of Korea to the Philippines Kim In-chul, Finance Undersecretary Mark Joven, and Finance Assistant Secretary Ma. Edita Tan.
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The 60 second feature on CNN International's television highlighted that the Philippines had one of the fastest growing pre-COVID 19 regional economies, and is expected to bounce back in 2022.