$18-billion foreign loans funding PH fight vs. COVID-19

$18-billion foreign loans funding PH fight vs. COVID-19

The government has secured $18.4 billion in foreign loans to deal with the crisis brought about by the COVID-19 pandemic, the Department of Finance (DOF) said Friday. “As of April 28, 2021, we have borrowed a total of $18.4 billion from external sources,” Finance Undersecretary Mark Dennis Joven said in an interview with state-run PTV.