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Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable

Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for…

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May 27, 2024
Read more about the article Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable
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Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes

Finance Secretary Ralph G. Recto has successfully collected PHP 88.6 billion from 47 Government-Owned- or Controlled Corporations (GOCCs) as of May 6, 2024––eleven times higher than 2023 and a major…

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May 6, 2024
Read more about the article Recto collects higher PHP 88.6-B GOCC dividends as of May 2024, a major source of non-tax revenues to fund PBBM’s priority programs without imposing new taxes
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Recto pays tribute to predecessors, highlights their crucial roles in keeping the economy strong and stable throughout periods of crisis

Finance Secretary Ralph G. Recto has paid tribute to his predecessors during a dinner reception for past Department of Finance (DOF) secretaries and officials, highlighting their crucial roles in keeping…

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April 30, 2024
Read more about the article Recto pays tribute to predecessors, highlights their crucial roles in keeping the economy strong and stable throughout periods of crisis
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Recto: Potential MIC inaugural investment portfolio with BCDA to unlock wealth of opportunities to enhance quality of life and generate jobs for Filipinos

Finance Secretary Ralph G. Recto has lauded the signing of the Memorandum of Understanding (MOU) between the Maharlika Investment Corporation (MIC) and the Bases Conversion and Development Authority (BCDA) to…

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April 29, 2024
Read more about the article Recto: Potential MIC inaugural investment portfolio with BCDA to unlock wealth of opportunities to enhance quality of life and generate jobs for Filipinos
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Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank

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).

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April 22, 2024
Read more about the article Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank
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Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs

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.

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April 21, 2024
Read more about the article Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs
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Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed

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.

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April 20, 2024
Read more about the article Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed
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Recto successfully pitches PH as an attractive investment hub, gathers strong interest from American investors during PH Dialogue

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.

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April 19, 2024
Read more about the article Recto successfully pitches PH as an attractive investment hub, gathers strong interest from American investors during PH Dialogue
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Recto successfully presides G24 Ministerial Meeting, stresses urgent and unprecedented global cooperation as fate of future generations hinges on today’s actions

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.

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April 18, 2024
Read more about the article Recto successfully presides G24 Ministerial Meeting, stresses urgent and unprecedented global cooperation as fate of future generations hinges on today’s actions
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Recto secures World Bank’s support on PH gov’t digitalization program to enhance tax administration, among other key areas

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.

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April 17, 2024
Read more about the article Recto secures World Bank’s support on PH gov’t digitalization program to enhance tax administration, among other key areas