Ceremonial Exchange of Memorandum of Understanding between the Republic of the Philippines and the Republic of Austria

  • Post category:Speeches

Frederick D. Go
Secretary of Finance

November 20, 2025

Ambassador Johann Brieger;
Counsellor Arnulf Gressel;
Undersecretary Joven Balbosa;
my colleagues in the government: good afternoon.

Allow me to express my sincere gratitude and appreciation to the Government of Austria. Your steadfast partnership with the Philippines, your continued support through this financial co-operation reflects our shared commitment to advancing socio-economic growth and sustainable development.

Access to additional Official Development Assistance and blended financing from the Austrian Government is key to building critical infrastructure like bridges, roads, hospitals, as well as supporting agriculture, disaster risk reduction, and transportation—while of course creating new opportunities for investments.

These investments represent real opportunities to boost productivity, create more high-quality jobs, support small businesses, and boost tourism which are the backbones of our economy.

Through this partnership, we will ensure that progress is inclusive and felt by all. More importantly, this is a testament to Austria’s confidence in this administration’s development agenda.

Let this occasion mark the beginning of deeper engagement, continued innovation, and if ever-stronger ties between our governments and our peoples.

Your support is instrumental in helping us move closer to our goal of a more resilient, dynamic, and prosperous Philippines.

May our partnership continue to flourish in the years ahead.

Vielen Dank. Maraming salamat po.

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