The Department of Finance (DoF) said China has agreed to study hybrid-financing arrangements proposed by the Philippines to fund big-ticket infrastructure projects at lower costs.
In a statement on Thursday, Finance Secretary Carlos Dominguez 3rd said China Commerce Minister Gao Hucheng welcomed his proposal to consider co-financing the projects with other multilateral lending institutions such as the Asian Development Bank (ADB), the World Bank and the China-led Asian Infrastructure Investment Bank (AIIB).
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