THE government has secured a $50-million (about P2.73 billion) loan from South Korea that would support the preparatory engineering services of key public works and irrigation projects.

Finance Secretary Carlos Dominguez 3rd (left) and Sungho Jang, chief representative of the Export-Import Bank
of Korea, share a light moment after exchanging the signed documents on the loan for the Philippines-Korea
Project Preparation Facility at the Department of Finance’s main office in Manila on Jan. 28, 2020. PHOTO BY
ENRIQUE AGCAOILI

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