Govt explores hybrid financing for infra – DoF

On top of its intensified revenue collection and investment promotion efforts, the government is exploring hybrid-financing arrangements that will combine development aid and loans to fund its big-ticket infrastructure projects while keeping down borrowing costs, the Department of Finance (DoF) said.

In a statement over the weekend, Finance Secretary Carlos Dominguez 3rd said hybrid financing would enable the government “to profitably manage the leveraging” of close to P1 trillion in official development assistance (ODA) and loans the Philippines has secured from Japan and China.