Philippines secures US$14.29bil in loans, grants to fight Covid-19

FILE PHOTO: Illustration of vials and dry ice

MANILA (Philippine Daily Inquirer/ANN): The loans and grants secured by the Department of Finance (DOF) to bankroll the war chest against Covid-19 stood at US$14.29 billion (about P696 billion) as of mid-March.

The latest figures released by the DOF on March 17 were “rebased to reflect 2020 average exchange rates, ” it said.

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Phillippines , covid-19 , loans

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