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.

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.

Finance Secretary Ralph G. Recto has commended the Prime Infrastructure Capital Inc. for investing in two big-ticket storage power projects in Luzon that will provide a reliable power supply for Filipinos and advance the Philippines’ climate ambition of transitioning to a clean energy future.

Finance Secretary Ralph G. Recto has expressed confidence in the capability of the Department of Finance (DOF) team to fulfill the agency’s noble mission of delivering an economy that benefits every Filipino, while underscoring that empathy should be at the core of public service to genuinely meet the needs of the people.

Finance Secretary Ralph G. Recto has secured financing agreements with the Japan International Cooperation Agency (JICA) for two big-ticket infrastructure projects under President Ferdinand R. Marcos, Jr.’s Build Better More program that will help drive inclusive growth for all Filipinos.

Finance Secretary Ralph G. Recto has expressed optimism on the World Economic Forum’s (WEF) bullishness on the Philippines which forecasts the country to be well on its way to becoming a USD 2-trillion economy in the coming decade during its Country Roundtable in Manila on March 19, 2024.

Finance Secretary Ralph G. Recto has urged the members of the press to partner with the Department of Finance (DOF) in communicating to the public, in understandable terms, the complete picture of the Philippines’ promising economic story and the reasons behind the government’s optimism.

Finance Secretary Ralph G. Recto warmly welcomed global leaders and decision makers who flew all the way to Manila to participate in the World Economic Forum (WEF) Country Roundtable on the Philippines and shared a glimpse of the country’s promising growth journey during a dinner reception on March 18, 2024.

The Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products.