Philippines plans $23.7-B fundraising for budget, infrastructure projects

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In 2021, the government plans to secure $7.67 billion in loans and grants from multilateral institutions, $10.54 billion from bilateral sources, and $5.5 billion from the debt markets.

this year, including $5.5 billion from the commercial markets, the Department of Finance said on Sunday, February 7.raised from external sources last year

for key infrastructure projects and for helping bridge a wider budget deficit due to state spending on COVID-19 response measures. A total of $8.06 billion of this year's amount will be for budget support purposes, while the balance of $15.65 billion will be for project financing, the DOF said in a statement., is intended to bankroll an economic recovery and fund the purchase of millions of doses of COVID-19 vaccines.contracted by a record 9.5% last yearThis year, the government plans to secure $7.67 billion in loans and grants from multilateral institutions, $10.54 billion from bilateral sources, and $5.

 

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