The United Kingdom has offered the Philippines a chance to tap its £4.5-billion export-import facility as a financing option for the Duterte Administration’s massive infrastructure program, the Department of Finance (DoF) said over the weekend.
In a statement, the DoF said Finance Secretary Carlos Dominguez 3rd explained to UK Secretary of State for International Trade Liam Fox in a recent meeting the Philippine government’s focus on reversing the current income inequality in the country by fixing the infrastructure backlog and improving connectivity among the regions.
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