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Friday, March 29, 2024

Philippines, Japan hold 6th infra loan meeting

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Another high-level meeting on infrastructure is set this week between Filipino and Japanese government officials in Manila to discuss the processing of new concessional loan agreements that will finance the Duterte administration’s “Build, Build, Build” program. 

The Department of Finance said in a statement Monday the meeting would be the sixth between the two parties.

Finance Secretary Carlos Dominguez III will head the Philippine side in the sixth meeting of the Philippines-Japan High-Level Joint Committee on Infrastructure Development and Economic Cooperation, which also includes key members of the government’s “Build, Build, Build” infrastructure team. 

The Japanese side will be led by Hiroto Izumi, who is Special Adviser to Prime Minister Shinzo Abe.

Since its first meeting in March last year, the high-level joint committee has made substantial progress in expediting the processing of approvals for Japanese loans for projects under President Duterte’s centerpiece program “Build, Build, Build.” 

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