Officials of the Department of Finance (DOF) recently engaged in a meeting with the senior officials of the United States International Development Finance Corporation (DFC) to identify mutual priorities for advancing private sector investments across the Philippines.
In a social media post on Monday, the DOF said the meeting was held on April 22, 2025 in Washington D.C. and on the sidelines of the World Bank – International Monetary Fund (WB-IMF) Spring Meetings from April 21 to 26, 2025.
The DFC is the US government’s development finance institution that partners with the private sector to address critical challenges in emerging markets, with a focus on sectors such as energy, healthcare, infrastructure, and technology.
The DOF said during the meeting that International Finance Group (IFG) Undersecretary Joven Balbosa highlighted Infrastructure Flagship Projects (IFPs) in railways, bridges, and roads; health; power; technology; and housing as among the Philippines’ priorities.
He also expressed interest in collaborating with the US to identify investments in the Luzon Economic Corridor.
Joining Undersecretary Balbosa were Assistant Secretary Donalyn Minimo, Deputy Treasurer and World Bank Group Senior Advisor Erwin Sta. Ana, and Minister and Consul Hans Mohaimin Siriban of the Philippine Embassy to the United States of America.
Meanwhile, attendees from the DFC were Deputy Vice President for Foreign Policy Bethany Aquilina Brez; Office of Infrastructure Managing Director Nnema Byrd; and Director for East Asia Policy Allison Iannarino. Also joining the meeting were members of the Global Homes Consortium Inc (GHCI) CEO and Vice-Chairman of Newmark Group, Inc (NMRK: Nasdaq) Romel Canete and Chief Financial Officer Ted Calaman.
MiDA Advisors Chief Operating Officer Stéphane Le Bouder and Director of Development Finance Services Sean Duncan also attended the meeting. (PNA)
