Duterte admin settles remaining P300B loan to BSP ahead of maturity date

Duterte admin settles remaining P300B loan to BSP ahead of maturity date

By Glen S. Ramos

President Duterte (left) with Finance Secretary Carlos Dominguez

MANILA — The remaining P300 billion loan to the Bangko Sentral ng Pilipinas (BSP) was already paid in full by President Rodrigo Roa Duterte on Friday, May 20, 2022.

The loan was paid ahead of its deadline and maturity date which is on June 11, 2022, according to the Department of Finance (DOF).

Finance Secretary Carlos Dominguez III said that this is in accordance with the “unwinding liquidity support” before the next administration will take office on June 30, 2022.

Dominguez added that the early payment of the load was due to the 8.3 percent growth of our gross domestic product (GDP) ng during the first quarter. (ai/mtvn)

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