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New P540B loan extended

Republika

The Bangko Sentral ng Pilipinas (BSP) has extended another P540-billion bridge financing to the national government.


The third since 2020, the financing aims to provide liquidity to help finance economic recovery efforts.


BSP Governor Benjamin Diokno said the P540 billion that the central bank extended to the national government has already been paid, which the policy-making Monetary Board (MB) approved last December.


“They asked for a renewal and the Monetary Board has approved it… last week,” he said.


The BSP first extended a provisional advance to the national government in October 2020.


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