Philippines: Government provided PHP 20 billion to SMEs under the I-RESCUE lending program

Announcement

01 Apr 2021

In April 2021, the Landbank of the Philippines provided a PHP 20 billion (USD 411,8 million) loan package to SMEs under the I-RESCUE (Interim Rehabilitation Support to Cushion Unfavorably Affected Enterprises by COVID-19) lending program.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Apr 2021

Revocation date:

25 Jun 2021

Updated: 01 Apr 2021

State loan

On 1 April 2021, the Land Bank of the Philippines (Landbank) provided a PHP 20 billion (USD 411,8 million) loan facility to SMEs under the I-RESCUE lending program.

The I-RESCUE program pro...

Related State Acts

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