MANILA - The Philippines has a "good chance" of securing more financing for its coronavirus response if the pandemic drags, acting socioeconomic planning secretary Karl Kendrick Chua said Thursday.
MANILA - The Philippines has a "good chance" of securing more financing for its coronavirus response if the pandemic drags, acting socioeconomic planning secretary Karl Kendrick Chua said Thursday.
"Our solid fiscal position, very good credit ratings and reputation, I think, will give us a very good chance of securing that financing if we needed, from the market and development partners," Chua said. The government has disbursed over P200 billion for cash aid for the poorest 18 million families and a P51 billion wage subsidy for workers of small businesses, among others, Chua said.
The lockdown or enhanced community quarantine in Metro Manila and other high-risk areas, scheduled to last until May 15, will give health authorities more time to handle infections, he said.
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