Swedish Minister for Infrastructure and Housing Andreas Carlson and prominent industrialist Marcus Wallenberg visited Manila to witness the signing of a memorandum of understanding on export financing and development cooperation between Sweden and the Philippines.
Signing of the Memorandum of Understanding on Financial and Development Cooperation between Sweden and the Philippines
Wallenberg, a prominent business leader and member of the influential Wallenberg family, has played a pivotal role across sectors such as banking, industry, and research. Notable Swedish companies with a presence in the Philippines under Wallenberg’s influence include ABB, AstraZeneca, Atlas Copco, Electrolux, Epiroc, Ericsson, Husqvarna, Nasdaq, Saab AB, and SKF. This visit marks Wallenberg’s second trip to Manila this year.
“I am proud to take our collaboration to the next level. We entered another agreement that will enhance the economic security of Filipinos through increased access to Swedish financing for our development initiatives,” said Secretary Recto.
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