President Ferdinand R. Marcos, Jr. has created an interagency technical working group to lead the Philippines in its bid to host the Loss and Damage Fund (LDF) Board, allowing the…
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…
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).
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.
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.
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.
Ralph G. Recto Secretary of Finance April 17, 2024 Fellow workers in government, our partner banks, friends in the US, ladies and gentlemen: good morning. Thank you for investing your…
Ralph G. Recto Secretary of Finance April 16, 2024 Ministers and Governors, IMF Managing Director Kristalina Georgieva, World Bank President Ajay Banga, and distinguished colleagues: Good morning. It is a…
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.
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.
