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DUBAI, UNITED ARAB EMIRATES––Commencing the participation of the Philippines in the 2023 United Nations Climate Change Conference (COP28), Finance Secretary Benjamin E. Diokno joined the country’s delegation in a ribbon-cutting ceremony for the opening of the Philippine Pavilion at the Al Wasl Area in Expo City, Dubai, United Arab Emirates (UAE).
Through the leadership of Finance Secretary Benjamin E. Diokno, the Department of Finance (DOF)’s Privatization and Corporate Affairs Group (PCAG) has spearheaded efforts to improve the Philippines’ public-private partnership (PPP) policy environment to pave the way for high-quality and cost-effective infrastructure.
The Philippine Extractive Industries Transparency Initiative (PH-EITI), chaired by the Department of Finance (DOF), has made strides in improving the transparency and accountability of the Philippines’ extractives sector as well as continued strengthening of the government’s natural resource management.
S&P Global affirmed the Philippines’ ‘BBB+’ long-term and ‘A-2’ short-term sovereign credit ratings with stable outlook in view of the country’s sustained economic recovery and strong external position.
President Ferdinand R. Marcos, Jr. has officially presented the People’s Survival Fund (PSF) Resolutions approving a historic amount of over PHP 541 million for climate adaptation projects to local government unit (LGU) beneficiaries, marking a significant stride in the nation’s battle against climate change.
Finance Secretary Benjamin E. Diokno shared with the Malacañang press corps on November 28, 2023 the Philippine government’s strategies to sustain robust economic growth and resilience amid the global economic slowdown, following his presentation to President Ferdinand R. Marcos, Jr. in a high-level sectoral meeting on the same day.
Finance Secretary Benjamin E. Diokno has underscored the critical role of finance in the country’s fight against climate change and highlighted the Department of Finance’s (DOF) initiatives on this front.
The Bureau of Customs (BOC)’s progress in modernizing customs administration and enhancing trade facilitation under the leadership of Finance Secretary Benjamin E. Diokno has driven the Philippines to rank second-best among Southeast Asian (ASEAN) nations in the 2023 United Nations Global Survey on Digital and Sustainable Trade Facilitation.