News
Japan extends P13.3-B loan to PH for pandemic recovery
MANILA – The Japanese government has extended a PHP13.3-billion (JPY30 billion) loan to the Philippines in support of the government’s emergency response to Covid-19.
In a statement on Monday, the Department of Foreign Affairs (DFA) said the measure was confirmed after DFA Undersecretary Lourdes Yparraguirre and Japanese Ambassador Koshikawa Kazuhiko exchanged diplomatic notes on Japan’s loan support.
The loan, called the Covid-19 Crisis Response Emergency Loan Support Phase 2, augments Japan’s previous loan to the Philippines amounting to JPY50 billion signed last July 2020.
“The latest loan package supports the Philippines’ efforts to recover from the economic impacts of Covid-19, and building public health and economic resilience against such future emergencies,” the DFA said.
Japan is the Philippines’ top official development assistance partner and has been supporting the country’s development priorities on infrastructure, health, human resources, agriculture, education, humanitarian assistance, and disaster relief, among others.
In July 2020, Foreign Secretary Teodoro Locsin Jr. and Japanese Ambassador Haneda Koji exchanged diplomatic notes on the JPY50 billion loan assistance package extended by the Japanese government to support the Philippines’ emergency response to Covid-19.
Janice Ian
April 18, 2022 at 11:36 AM
Huwag lang po sanang mapunta sa kung saan. Sana ay maayos na magamit ang pondong para sa pangkalusugan lalo na ngayon nasa krisis parin tayo.
Janice Ian
April 18, 2022 at 11:37 AM
Huwag lang po sanang mapunta sa kung saan. Sana ay maayos na magamit ang pondong para sa pangkalusugan lalo na ngayon at nakakaranas parin tayo ng hapdi ng COVID-19.
Mary Joy Valdevieso
April 22, 2022 at 12:07 AM
We can’t deny the fact that Japan is one of the most powerful, rich and well manage country. This is why I really admire Japan and I also plan on having a vacation there. Since Japan is one of the support system of the Philippines and now that they grant again a loan to the Philippines for the recovery of its economy I hope that our country will use it to the right thing. As I grow up and get to understand politics I also lost my trust to our government. Our country is very rich in Human Resource but they go to other country to work there, why? because our country doesn’t have a good system when it comes to their workers. I don’t see any improvement to the country’s government system, because of so much corrupt officials our country in not moving forward, to be honest.