Soft loans account for limited part of debt portfolio, DoF says

WIRE — THE Department of Finance (DoF) said concessional loans account for only 10-15% of total borrowings, limiting any possible fallout from losing access to soft loans after the Philippines' elevation to upper-middle income country (UMIC) status. On the contrary, the Philippines' reclassification to the  UMIC tier will expand its financing options, Finance Secretary Frederick D. Go

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