PRESS RELEASE Finance Secretary Ralph G. Recto has positioned the Philippines at the forefront of crisis and disaster response by being the first country to sign the Rapid Response Option (RRO) agreement with the World Bank Group (WBG).  The RRO is part of the WBG’s Expanded

PRESS RELEASE Finance Secretary Ralph G. Recto has secured commitments from Asian Development Bank (ADB) President Masatsugu Asakawa to support key priority development programs for the Philippines, focusing on boosting digitalization, improving human capital and infrastructure,

PRESS RELEASE Finance Secretary Ralph G. Recto has received full support from World Bank Group (WBG) President Ajay Banga on his key priority to fully digitalize the country’s tax system, with the Bank set to assemble a dedicated team to conduct workshop and assist the Department

PRESS RELEASE Finance Secretary Ralph G. Recto has successfully pitched the Philippines as an attractive investment hub, gathering strong interest from American investors during the Philippine Dialogue held on April 17, 2024 at The Ritz-Carlton in Washington, D.C. “While global

PRESS RELEASE Finance Secretary Ralph G. Recto successfully presided over the Intergovernmental Group of Twenty-Four (G-24) on April 16, 2024 as Chair of the Board of Governors where he called upon the international financial institutions to act decisively and ramp up support,

PRESS RELEASE Finance Secretary Ralph G. Recto has kicked off the World Bank-International Monetary Fund (WB-IMF) Spring Meetings this year with a high-level meeting with World Bank Group (WBG) top officials where he secured support for the Philippine government’s digitalization

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that President Ferdinand R. Marcos, Jr.’s working visit to Washington, D.C. from April 10 to 14, 2024 for the inaugural Trilateral United States-Japan-Philippines Leaders’ Summit will ensure economic security for the

Press Release Finance Secretary Ralph G. Recto has underscored that the continued improvements in the country’s jobs market and quality of jobs for Filipinos following the February 2024 Labor Force Survey (LFS) signal progress towards achieving the government’s target of reducing

PRESS RELEASE Finance Secretary Ralph G. Recto has assured the public that the government is intensifying targeted actions to further protect the purchasing power of Filipinos from the effects of El Niño and La Niña on food and energy supplies. “The Inter-Agency Committee on

PRESS RELEASE Finance Secretary Ralph G. Recto assured taxpayers that settling their taxes is now easier than ever, and encouraged them to exercise their heroic duty of propelling the country’s development forward through the prompt filing of tax returns and paying the correct