Japan’s most recent loan from the Philippines has increased foreign investment for the reaction of COVID-19 to $9. 41 billion to date, showing Monday the most recent knowledge of the Ministry of Finance (DOF).
Funding for the COVID-19 reaction budget included six loans from the Asian Development Bank (ADB), 3 World Bank loans, one loan from the Asian Infrastructure Investment Bank (AIIB), two loans from the French Development Agency (AFD) . ) and two loans from the Japan Agency for International Cooperation (Jica).
The $2. 35 billion sale of dollar-denominated global bonds last May was also used for the COVID-19 budget.
For projects similar to COVID-19, $595 million in loans, one from the BAfD and two from the World Bank, had been received throughout the Philippines.
The BAfD and Japan also granted a total of $26. 36 million to deal with physical and socioeconomic fitness crises caused by the COVID-19 pandemic.
In its report on the 2021 Budget Risk Report, the Development Budget Coordination Committee (DBCC) noted that “the effect of the COVID-19 pandemic and reaction measures will raise debt relative to gross domestic product above its past trajectory”.
The combination has an effect on building financing desires and stagnant expansion is expected to lead to an increase in the debt index from around 53% to 2020 before returning to its downward trajectory in the medium term, the DBCC said.
“Despite the rapid spike in herbs in the debt index, the national government’s debt is sometimes manageable,” he added.
The Inquirer Foundation supports our leaders in the fitness sector and still accepts donations of money to deposit into the Gold Bank Current Account (BDO) – 007960018860 or to make a donation through PayMaya at this link.
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