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Philippines: Government provided PHP 30 billion to SMEs under the I-RESCUE lending program

Description

On 25 June 2021, the Land Bank of the Philippines (Landbank) increased the loan package to SMEs under the I-RESCUE lending program from PHP 20 billion (USD 411,8 million) to PHP 30 billion (615,4 mill...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Jun 2021

Revocation date

31 Dec 2021

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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