Japan has firmed up its pledge to extend a 1-trillion yen financing assistance for Manila’s ambitious infrastructure program as the Philippine Department of Finance (DoF) officials highlighted two top priority projects worth hundreds of billions of pesos at a recent meeting.
In a statement released Friday, the DoF said Finance Secretary Carlos Dominguez 3rd expressed anew the Philippine government’s deep appreciation for Japan Prime Minister Abe’s earlier pledge of 1-trillion yen ($8.7 billion) in official development assistance (ODA) and loans to help the Duterte administration carry out its ambitious 2017-2022 infrastructure program worth P8.4 trillion. The financial assistance is also expected to help the government effectively implement its campaign against illegal drugs.
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