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

Announcement

25 Jun 2021

In June 2021, the Landbank of the Philippines provided a PHP 30 billion (USD 615.4 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

25 Jun 2021

Revocation date:

31 Dec 2021

Updated: 25 Jun 2021

State loan

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 m...

Related State Acts

01 Apr 2021

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

15 Apr 2020

Philippine: Subsidized loan facility announced for SMEs affected by the COVID-19 pandemic

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