The Department of Finance (DOF), under the leadership of Secretary Benjamin E. Diokno, has led intensified climate action initiatives in 2023 amid escalating challenges of global warming. In January, the…
The International Monetary Fund (IMF) has lauded the Marcos, Jr. administration’s swift policy actions through the Medium-Term Fiscal Framework (MTFF) in response to the challenges arising from the global shocks…
Finance Secretary Benjamin E. Diokno said that the swift enactment of the PHP 5.768 trillion GAA for 2024 is a testament to the strong collaboration and firm resolve of the Marcos, Jr. administration and members of both Houses of Congress to accelerate economic growth in the country.
The Securities and Exchange Commission (SEC) has intensified its initiatives in 2023 to promote the use of capital markets as an accessible funding source for small businesses through the conduct…
The Philippines, through the Bureau of the Treasury (BTr), has efficiently raised funds for economic development through its successful local and international bond issuances in 2023, which underscores strong investor…
Finance Secretary Benjamin E. Diokno has welcomed the United States Millennium Challenge Corporation (MCC)’s decision to re-engage with the Philippines through the development of threshold programs that will support policy…
Given the positive developments in the Philippine economy and the recent global trends, the Development Budget Coordination Committee (DBCC) has revisited the government’s medium-term macroeconomic assumptions, fiscal program, and growth targets for FYs 2023 to 2028.
The Marcos, Jr. administration is set to construct the Bataan-Cavite Interlink Bridge (BCIB)––one of the world’s longest marine bridges, after signing a loan agreement with the Asian Development Bank (ADB) for the first tranche of financing for the project on December 15, 2023.
The Department of Finance (DOF), through the Bureau of the Treasury (BTr), has exercised proactive debt management by successfully converting the reference rate from floating to fixed on US$ 11.13…
Key officials from the Philippine and Swedish governments jointly held a workshop on December 13, 2023 to explore potential opportunities for cooperation in financing key infrastructure and development projects in the Philippines to further strengthen the bilateral ties between the two nations.
