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Philippines secures 5.67 bln USD worth of financing, 73.73 mln USD grants in 2024

MANILA, Dec. 23 (Xinhua) — The Philippines’ Department of Finance (DOF) has signed 12 financing agreements worth 5.67 billion U.S. dollars for projects in infrastructure, transport, defense, digital technology, health, and agriculture in 2024, Finance Secretary Ralph Recto said Monday.

These include the third tranche of financing for the Metro Manila Subway Project (Phase 1), the country’s first-ever undergroun