Washington D.C.: Officials from the Department of Finance (DOF) met with senior representatives of the United States International Development Finance Corporation (DFC) to outline shared priorities for enhancing private sector investments throughout the Philippines.

According to Philippines News Agency, the meeting took place on April 22, 2025, in Washington D.C., alongside the World Bank – International Monetary Fund (WB-IMF) Spring Meetings, which ran from April 21 to 26, 2025. The DFC, a US government development finance institution, collaborates with the private sector to tackle significant challenges in emerging markets, focusing on sectors such as energy, healthcare, infrastructure, and technology.

During the meeting, International Finance Group (IFG) Undersecretary Joven Balbosa of the DOF emphasized the importance of Infrastructure Flagship Projects (IFPs) in railways, bridges, and roads, as well as priorities in health, power, technology, and housing for the Philippines. He also expressed an interest in working with the US to identify investment opportunities in the Luzon Economic Corridor.

The meeting saw the participation of various officials, including Assistant Secretary Donalyn Minimo, Deputy Treasurer and World Bank Group Senior Advisor Erwin Sta. Ana, and Minister and Consul Hans Mohaimin Siriban of the Philippine Embassy to the United States. From the DFC, Deputy Vice President for Foreign Policy Bethany Aquilina Brez, Office of Infrastructure Managing Director Nnema Byrd, and Director for East Asia Policy Allison Iannarino were present. Members from the Global Homes Consortium Inc, CEO and Vice-Chairman of Newmark Group, Inc (NMRK: Nasdaq) Romel Canete, and Chief Financial Officer Ted Calaman also joined the discussions.

Additionally, MiDA Advisors Chief Operating Officer St©phane Le Bouder and Director of Development Finance Services Sean Duncan attended the meeting.