Monday 18 June
Powered by Ajaxy
Sep 14, 2017 @ 14:49

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.

Tags: , , , , , , , ,

Related Stories
The Philippines is on the road to uplifting poor people. The World Bank said that
Argentina appeared Tuesday to have halted the slide in the peso after the Central Bank
Crude oil prices are expected to jump 23 percent this year amid strong economic growth,
Payments from immigrants back to their home countries rebounded to reach a new record in


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.