More aid: Pedestrians wearing protective masks walk near the Philippine National Bank Centre in Manila. A law passed recently allows Bangko Sentral ng Pilipinas to extend additional credit worth as much as 10% of the government’s average revenue in the last three years. — Bloomberg
MANILA: The Philippine central bank is prepared to lend more to the government, helping to boost state funding to counter the impact of the coronavirus pandemic, governor Benjamin Diokno said yesterday.
The comments come days after president Rodrigo Duterte on Friday signed into law a measure providing 165.5 billion pesos (US$3.4bil) for pandemic relief.
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