Japan becomes first bilateral donor to provide loan for PH COVID-19 response!
Ambassador HANEDA Koji witnessed the signing of the 50 billion yen loan agreement between Finance Secretary Carlos G. Dominguez Ⅲ and JICA Philippines Chief Representative AZUKIZAWA Eigo on July 1. In his remarks, Ambassador Haneda cited that the Philippines is the very first recipient of this highly concessional loan and that Japan is the first donor country to be able to offer such a loan to the Philippines for its COVID-19 response. He also expressed his hope that this loan will be instrumental in helping jump-start the Philippine economy and running a fast-paced recovery.
Find out more details in this link: https://www.ph.emb-japan.go.jp/itpr_en/11_000001_00162.html