Philippine DOF plans a $1.5B collaboration with JICA for infrastructure, agriculture, education, and health projects from 2024-2025.
The Philippine Department of Finance (DOF) plans to collaborate with Japan International Cooperation Agency (JICA) on approximately $1.5 billion worth of projects from 2024-2025, focusing on infrastructure, agriculture, education, and health sectors. This partnership includes four major loan agreements for maritime safety, roads, and flood risk management initiatives. JICA aims to expand its funding into other sectors and scale up policy-based lending as the Philippines transitions to upper-middle income status.
May 02, 2024
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