RalphRecto.Ph

AUG

29

2024

Recto: PH to set a gold standard for climate finance and action globally with new Loss and Damage Fund Board law

PRESS RELEASE Finance Secretary Ralph G. Recto has underscored that the Philippines is set to establish a gold standard for climate finance and action globally with the recent enactment of the Loss and Damage Fund (LDF) Board Act that enables its hosting of the Board. “The LDF

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TAG Department of Finance (DOF), LDF Board Act, Loss and Damage Fund (LDF), President Ferdinand Marcos Jr, Ralph Recto, World Bank (WB)

AUG

29

2024

Recto secures more support from ADB on PH’s climate action initiatives

PRESS RELEASE Finance Secretary Ralph G. Recto has secured more support from Asian Development Bank (ADB) President Masatsugu Asakawa for the Philippines’ climate action efforts during a high-level meeting on August 28, 2024, at the ADB Headquarters in Ortigas. At the

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TAG ADB President Masatsugu Asakawa, ASEAN Catalytic Green Finance Facility (ACGF), Asian Development Bank (ADB), Climate Change Action Program (CCAP) Subprogram 2, Coalition of Finance Ministers for Climate Action (CFMCA), COP28, Country Partnership Strategy (CPS), Department of Finance (DOF), Green Climate Fund (GCF), Loss and Damage Fund (LDF), Official Development Assistance (ODA), Ralph Recto, United Nations Development Programme (UNDP), United Nations Environment Programme (UNEP), World Bank (WB)

AUG

28

2024

Recto leads high-level meeting of Finance Ministers for climate action, urges peers to drive integrated solutions that bring climate resilience and poverty eradication together

PRESS RELEASE Finance Secretary Ralph G. Recto has urged his fellow Finance Ministers to drive integrated solutions that bring climate action and poverty eradication all together, stressing the need to balance economic development and climate resilience during a high-level

JUL

16

2024

Recto: DOF to stretch every peso collected to prioritize education along with social protection, food security, and infra to produce globally competitive Bagong Pilipino

PRESS RELEASE Finance Secretary Ralph G. Recto underscored that the Department of Finance (DOF) is maximizing every peso collected in its revenue efforts to prioritize funding for education along with social protection, food security, and infrastructure, among others, to produce

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TAG Department of Finance (DOF), General Appropriations Act (GAA), Philippine Association of State Universities and Colleges (PASUC), Ralph Recto, World Bank (WB)

MAY

27

2024

Recto welcomes UNSGSA Queen Máxima’s support for DOF to widen financial inclusion and ensure financial protection among Filipinos by digitizing gov’t payments and keeping financial services affordable

PRESS RELEASE Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) for the Department of Finance (DOF) to accelerate the

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TAG Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BOC), Bureau of Internal Revenue (BIR), Department of Finance (DOF), Department of Information and Communications Technology (DICT), Ease of Paying Taxes (EOPT) Act, Free Public WiFi Act, Gross Domestic Product (GDP), Insurance Commission (IC), Micro- Small and Medium Enterprises (MSMEs), President Ferdinand Marcos Jr, Queen Maxima of the Netherlands, Ralph Recto, United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), World Bank (WB)

APR

22

2024

Recto positions PH at the forefront of crisis and disaster response as first country to sign a Rapid Response Option agreement with World Bank

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

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TAG Bangko Sentral ng Pilipinas (BSP), BSP Deputy Governor Francisco Dakila Jr, Bureau of Treasury, Department of Budget and Management (DBM), Department of Finance (DOF), Department of Trade and Industry (DTI), DTI Undersecretary Ceferino Rodolfo, Monetary Board Member Rosalia De Leon, National Treasurer Sharon Almanza, Ralph Recto, Rapid Response Option (RRO) Agreement, Secretary a, Secretary Amenah Pangandaman, WB-IMF Spring Meetings, World Bank (WB), World Bank Group (WBG)

APR

21

2024

Recto secures commitments from ADB on digitalization, human capital and infra development, and disaster preparedness programs

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,

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TAG Asian Development Bank (ADB), Department of Budget and Management (DBM), Department of Finance (DOF), International Monetary Fund (IMF), National Economic Development Authority (NEDA), Public-Private Partnership Code (PPP Code), Ralph Recto, United Nations Framework Conference on Climate Change (UNFCCC), World Bank (WB)

APR

20

2024

Recto receives World Bank President’s full support on digitalizing PH tax system, expects a team from the Bank to work with DOF in building digital infra needed

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

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TAG Department of Finance (DOF), Official Development Assistance (ODA), President Ferdinand Marcos Jr, Public-Private Partnership (PPP), Ralph Recto, World Bank (WB)

APR

18

2024

Recto successfully presides G24 Ministerial Meeting, stresses urgent and unprecedented global cooperation as fate of future generations hinges on today’s actions

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,

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TAG Department of Finance (DOF), Emerging Markets and Developing Economies (EMDEs), Group of Twenty-Four (G-24), International Monetary Fund (IMF), Ralph Recto, World Bank (WB)

APR

17

2024

Recto secures World Bank’s support on PH gov’t digitalization program to enhance tax administration, among other key areas

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

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TAG Department of Finance (DOF), Department of Information and Communications Technology (DICT), International Monetary Fund (IMF), Official Development Assistance (ODA), Ralph Recto, WB-IMF Spring Meetings, World Bank (WB)

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