ICYMI: It will take 40 years, or about two generations, to repay the P1.31 trillion in foreign debt that the Duterte administration incurred for the COVID-19 pandemic, the DOF said.
The Philippines also secured $54.1 billion, or P2.74 trillion, worth of grants, which it need not repay, from the Japanese government, ADB, European Union, and the World Bank, Beltran said.
The Philippine economy grew by a better-than-expected 5.7 percent last year, reversing its worst annual recession post-war in 2022, when the gross domestic product , or the total goods and services produced in the country, slid by a record 9.6 percent at the height of the lockdowns.“The Filipino people are grateful to development partners who provided P2.7 billion in grants and 76.4 million doses of vaccines,” Beltran added.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's new health minister to be appointed, Covid-19 case numbers continue to riseAustralia’s Prime Minister Scott Morrison has revealed Senator Anne Ruston will take over as the minister for health if the government is re-elected.
Read more »
Holy Week traditions in some Rizal towns resume amid Covid-19 pandemicWith the easing of restrictions in Rizal province under Alert Level 1, some of the Holy Week traditions that were banned since 2020 due to Covid-19 pandemic, have started to resume but in a slightly different way.
Read more »
India's Covid-19 tally rises to 43,042,097, active cases continue to riseIndia’s Covid-19 tally rose to 43,042,097 on Sunday as 1,150 new cases were registered during the past 24 hours across the country, showed the federal health ministry’s latest data.
Read more »
Herbosa reiterates importance of Covid-19 vaccines, booster anewNational Task Force against Covid-19 special adviser Dr. Ted Herbosa once again reiterated the importance of getting vaccinated and boosted against Covid-19 amid the emergence of new subvariants and the lingering threat of waning immunity.
Read more »
Parts of Pasig City to experience 5-hour power interruptions on April 19 to 20Some parts of Pasig City will experience power interruptions for around five hours on Tuesday, April 19 to Wednesday, April 20, according to the Manila Electric Company.
Read more »
Voters’ preference for Marcos, Duterte down by 19 percentage points each in Davao region, Feb-March Pulse Asia surveys showDAVAO CITY (MindaNews / 15 April) – Voters’ preference for presidential candidate and survey frontrunner Ferdinand Marcos Jr. dropped by four percentage points nationwide, from 60% in February to 5…
Read more »