MANILA, Dec 11 (Bloomberg): The Philippine government is seeking a 300-billion peso (US$5.96 billion) loan from the central bank next year, lower than this year’s budget support as it anticipates the economy to recover, Finance Secretary Carlos Dominguez has announced.
The government has also informed the Bangko Sentral ng Pilipinas that it will fully repay its outstanding 540-billion peso provisional advances on Dec. 10, ahead of the Jan. 12, 2022 maturity.
The new loan will carry no interest, will be due in three months and can be extended by another three months.
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