The P12.5-billion capital infused into the Development Bank of the Philippines (DBP) will provide additional funds for its Covid-19 response programs, the Department of Finance (DoF) said on Friday.
In a statement, Finance Secretary Carlos Dominguez 3rd said these programs would include extending low-interest, easy-to-pay loans to the transport, healthcare and education sectors; micro, small and medium enterprises (MSMEs); and other affected industries.
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