Secretary for Foreign Affairs Enrique Manalo and Korean Ambassador to the Philippines Kim In Chul signed the Framework Arrangement between the Government of the Republic of the Philippines and the Government of the Republic of Korea Concerning Loans from the Economic Development Cooperation Fund for the Years 2022 through 2026. Joining them are Finance Secretary Benjamin Diokno and KEXIM Country Director Moon Jae Jeong PHOTO FROM DFA-OPCD
Secretary for Foreign Affairs Enrique Manalo and Korean Ambassador to the Philippines Kim In Chul signed on December 21 the framework arrangement between the government of the Philippines and the government of the Republic of Korea concerning loans from the economic development cooperation fund for the years 2022 through 2026. This enables the Philippine government to obtain Official Development Assistance (ODA) loans from the Korean Government up to a maximum commitment of $3 billion until 2026.