Finance Secretary Carlos Dominguez with South Korea Deputy Prime Minister and Minister of Strategy and Finance Kim Dong-yeon during their bilateral meeting at the Deputy Prime Ministers’ office in Sejong Government Complex, Seoul, South Korea on Monday (June 4, 2018).
Secretary Dominguez discussed with Deputy Prime Minister Kim two infrastructure-related projects and a proposed revenue monitoring “infostructure” system in the pipeline with an indicative total loan amount of $191 million for possible financing by South Korea, which has pledged up to $1 billion in official development assistance (ODA) to the Philippines under President Rodrigo Duterte’s administration.