Japan To Release Additional JPY 20 Billion Loan For PH COVID-19 Response

Must Read

President Duterte Receives Second Dose Of COVID-19 Vaccine — PSG Chief

President Duterte received his second dose of COVID-19 vaccine, according to PSG chief.

AFP Holds Reveille Gun Salute In Honor Of Former President Noynoy Aquino

The AFP held a reveille gun salute in honor of former President Noynoy Aquino

First Batch Of Moderna COVID-19 Vaccine Doses To Arrive In PH On June 27 — Dizon

The first batch of Moderna COVID-19 vaccine doses will arrive in the Philippines on June 27,...

Japan will release an additional JPY 20 billion loan for the Philippine COVID-19 response.

Japanese Prime Minister Yoshihide Suga and President Rodrigo Duterte held a telephone summit to discuss among others the impending release of the JPY 20 billion (roughly PHP 9 billion) Post-Disaster Standby Loan to the Philippines.

Japan will release an additional JPY 20 billion loan for the Philippine COVID-19 response.
Photo source: Manila Bulletin

The phone conversation between the two leaders, according to an overview provided by the Japanese Embassy in Manila, lasted for 20 minutes with the Prime Minister reiterating Japan’s support for the Philippines’ COVID-19 pandemic recovery efforts.

Japan, through the Japan International Cooperation Agency (JICA), was slated to release JPY 20 billion loan to the Philippines in June 2021 in order to help finance the Philippines’ COVID-19 pandemic response measures such as testing and quarantine facility expansion as well as social amelioration program for vulnerable people and sectors.

Upon the request of the Philippines, the approval of this third tranche came as a result of the successful summit teleconference between Prime Minister Suga Yoshihide and President Rodrigo Roa Duterte held on May 19, 2021,” the Japanese Embassy said in the media handout.

READ ALSO: President Duterte To Japan PM Suga: “We cannot afford conflicts between neighbors”

For President Duterte’s part, he cited the legacies that will be created by the subway development and the extension of the North-South Commuter Railway in Metro Manila which would live on for generations to come.

President Duterte also conveyed his gratitude to the Japanese government for its contributions to the Mindanao peace process.

Coinciding with a decade-old Strategic Partnership and the 65th anniversary of the Japan-Philippines diplomatic relations, President Rodrigo Duterte and Japanese Prime Minister Yoshihide Suga agreed to coordinate closely for the promotion of both “Free and Open Indo-Pacific” and the “ASEAN Outlook for the Indo-Pacific (AOIP)”.

For more news and updates, you may feel free to visit this site more often. You may also visit Newspapers.ph via our official Facebook page and YouTube channel.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

President Duterte Receives Second Dose Of COVID-19 Vaccine — PSG Chief

President Duterte received his second dose of COVID-19 vaccine, according to PSG chief.

AFP Holds Reveille Gun Salute In Honor Of Former President Noynoy Aquino

The AFP held a reveille gun salute in honor of former President Noynoy Aquino On Friday, the Armed...

First Batch Of Moderna COVID-19 Vaccine Doses To Arrive In PH On June 27 — Dizon

The first batch of Moderna COVID-19 vaccine doses will arrive in the Philippines on June 27, according to Dizon.

Android Apps Coming To Microsoft’s Windows 11 OS

Android apps were coming to Microsoft's Windows 11 operating system. Microsoft officially revealed that Android apps were coming...

Microsoft Officially Launches Windows 11 Operating System

Microsoft officially launched Windows 11 operating system. Microsoft officially launched its new Windows 11 operating system during its...

More Articles Like This