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MANILA, Philippines — The Department of Finance (DOF) and Beijing-based Asian Infrastructure Investment Bank (AIIB) are reportedly in talks to collaborate on projects aimed at accelerating digitalization and lowering electricity costs.
In a statement on Friday, the DOF said the initiatives are expected to support the government’s push to improve the country’s ease of doing business and attract more investments.
“Two of the major issues in the ease of doing business are red tape and high energy costs. If there’s a way for us to work on these, then we can significantly enhance public service delivery and improve our investment environment, which will help us grow the economy,” Finance Secretary Frederick Go said.
READ: PH decision to join AIIB ‘realistic and pragmatic’
