Tag: dof
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DoF to wait for rate cuts before borrowing abroad
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THE PHILIPPINE government will wait for rate cuts from the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) before its planned external borrowings next year, according to the Finance chief.
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DoF eyes Green Climate Fund for four projects
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THE PHILIPPINES is looking to tap the Green Climate Fund (GCF) for $124 million worth of projects, the Department of Finance (DoF) said. In a statement, the agency said the Philippines receives funding from the GCF for projects and grants worth $139.9 million. “Meanwhile, four priority project proposals are in…
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DoF hikes dividend rate of GOCCs
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FINANCE SECRETARY Ralph G. Recto has ordered government-owned or -controlled corporations (GOCC) to increase their contributions to the National Government (NG) to boost state coffers.