Dominguez wants World Bank’s help for infra plan, Marawi rehab
Their decades of experience would definitely benefit the sudden surge of projects in the Philippines.
Finance Secretary Carlos Dominguez III is in talks with the World Bank to find ways wherein the Philippines can tap the funding and technical know-how of the multilateral institution that would support the Build, Build, Build program of the Duterte administration.
Dominguez recently sat down with World Bank official Otaviano Canuto to ask how they can avail of the organization’s assistance in rolling out some 75 flagship projects which the government wants to pursue, as well as in rehabilitating war-torn Marawi City.
“We should rebuild these areas (in Marawi City). People will go back and live there, so the infrastructure should be good and sound. That’s certainly an area where we will need assistance. We welcome your expertise,” Dominguez said.
The Philippines wants to secure more foreign development grants to fund its P8-trillion infrastructure spending target from 2016 to 2022.