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Japan lends P65B for key dev’t projects

Manila Bulletin

March 25, 2025

Finance Secretary Ralph G. Recto has obtained a total of P65.43 billion in loans from Japan to fast-track the roll-out of infrastructure projects and provide budget support for climate change and health programs.

The loan agreements for five projects and programs to be funded by Japan’s official development assistance (ODA) were signed during a high-level meeting between officials of the Philippine and Japanese governments in Manila on Monday, March 24.

The Philippine delegation, led by Recto and co-chaired by National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan, met with senior Japanese officials, including Dr. Mori Masafumi, Special Advisor to the Japan’s Prime Minister, who convened the 15th Philippines-Japan High-Level Joint Committee Meeting on Infrastructure Development and Economic Cooperation.

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