Officials of the Department of Finance (DOF) and the Banco Bilbao Vizcaya Argentaria (BBVA) met to explore potential financing for transportation, water services, and renewable energy access for Filipinos.
In a social media post on Tuesday, the DOF said Finance Undersecretary Joven Balbosa met with representatives from BBVA on the sidelines of the 2026 World Bank Group–International Monetary Fund Annual Meetings in Bangkok, to discuss the financing.
DOF said officials discussed opportunities under the Philippines–Spain Framework Protocol on Financial and Technical Cooperation.
These include proposed flyovers to ease urban traffic, fisheries conservation initiatives, and projects to strengthen maritime security and aviation capabilities.
During the meeting, officials also discussed how Spanish financing, technology, and expertise could support the Philippines’ development priorities, helping improve everyday services, connect communities, and protect livelihoods. (PNA)
