Japanese banks urged to invest in PHL’s infrastructure flagship projects

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MARRAKECH, MOROCCO – Department of Finance (DOF) Secretary Benjamin Diokno recently urged Japanese banks to invest in the Philippines’ infrastructure projects.

The banks, on their part, expressed strong interest in advancing investments in the Philippines’ renewable energy (RE), sustainable technology, infrastructure, and fixed-income instruments.

Diokno shared with representatives from the Japan Bank for International Cooperation (JBIC), Mizuho Securities, and Nomura Holdings the country’s renewed focus on a just transition to RE, opportunities for Public-Private Partnerships (PPPs) and investments in the country’s infrastructure flagship projects (IFPs), and growing market for bonds and sustainable finance instruments.

The meetings with Japanese financial institutions sustained Philippines-Japan discussions following the President’s state visit to Japan in February 2023 and the recent high-level joint committee meeting on infrastructure and economic cooperation in Japan in August 2023.

(PHOTO CREDIT: Department of Finance website)

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