Award earned for first ever transaction as an investment grade sovereign
A development policy loan agreement to boost fiscal sustainability and governance transparency amounting to USD 300 million has been signed between the Government of the Republic of the Philippines and The World Bank. Finance Secretary Cesar V. Purisima signed The World Bank’s Third Development Policy Loan (DPL 3) last 14 October 2014 on behalf of the Philippine government.
Read MoreSecretary Cesar V. Purisima, on behalf of the Philippine Government, and Japan International Cooperation Agency (JICA) President Akihiko Tanaka, on behalf of the Government of Japan, signed a Loan Agreement last week that will support the acquisition of ten (10) 40-meter maritime vessels for the Department of Transportation and Communications-Philippine Coast Guard (DOTC-PCG) during the recent visit of President Benigno S. Aquino, III to Japan for the ASEAN-Japan Commemorative Summit.
Read MoreThe Governments of the Republic of the Philippines and Republic of Korea signed on 19 August 2013 a loan agreement to support the implementation of the Samar Pacific Coastal Road Project of the Department of Public Works and Highways (DPWH).
Read More“Today we learned that after a long impasse, the US Senate and Congress were able to reach an agreement to both fund their federal government operations until January 15th and extend borrowing authority, effectively raising the debt ceiling until February 7th.
Read More10 October 2012, Tokyo, Japan. The Government of the Republic of the Philippines and the Government of Japan signed today the JPY7.775 billion (about US$100 million) Loan Agreement to support the implementation of the Development Policy Support Program-Investment Climate Program Loan at the sidelines of the World Bank-International Monetary Fund Annual Meeting in Tokyo, Japan.
Read MoreThe Governments of the Republic of the Philippines and Republic of Korea signed on 23 August 2012 a Loan Agreement to support the implementation of the Puerto Princesa Airport Development Project of the Department of Transportation and Communications (DOTC). Finance Secretary Cesar V. Purisima signed the Loan Agreement on behalf of the Philippine Government while Export-Import Bank of Korea (KEXIM) Chairman and President Yong Hwan Kim signed on behalf of the Republic of Korea.
Read More
Copyright © 2021 Department of Finance