US Department of Treasury vows to sustain support for PH

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US Department of Treasury vows to sustain support for PH
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The Department of Finance secured the US Treasury support to boost the Philippines’ tax and customs administration. The commitment was conveyed by US

The Department of Finance secured the US Treasury support to boost the Philippines’ tax and customs administration.

It paved the way for an improved primary dealer system, new liability management instruments and a modern financial market infrastructure for government securities. These include the possible collaboration for new debt-for-nature and debt-for-climate arrangements to finance the Philippines’ global climate commitments.

Recto highlighted the Philippines’ robust economic outlook and the business-friendly reforms during the meeting.

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