-
The Philippines and Denmark signed a Memorandum of Understanding to strengthen financial and development cooperation
-
The signing was led by Finance Secretary Frederick Go and Danish Ambassador Franz-Michael Skjold Mellbin, and marks the 80th anniversary of Philippine-Danish diplomatic relations
-
The MOU covers cooperation in infrastructure, renewable energy, climate action, maritime development and shipbuilding, transportation, and agriculture
-
The agreement opens the door to concessional and blended financing for high-impact projects targeting climate resilience, connectivity, and sustainable economic growth
The Philippines and Denmark have signed a Memorandum of Understanding (MOU) that creates a framework for mobilizing financing for the country’s priority development programs and expand bilateral investments.
Finance secretary Frederick Go and Danish Ambassador Franz-Michael Skjold Mellbin led the signing ceremony, which marked the 80th anniversary of diplomatic relations between the two countries.
“At the Department of Finance, we see this partnership as an investment in our future. Our goal is to translate this agreement into concrete projects, stronger investments, and meaningful results that benefit both the Philippines and Denmark,” Go said in a news release.
The MOU broadens the scope of bilateral engagement to include climate action, transportation, agriculture, and shipbuilding alongside infrastructure and clean energy. It also establishes a pathway for concessional and blended financing to fund high-impact projects that build climate resilience and improve connectivity across the archipelago.
READ: DOTr to get European diplomats’ support in push for SBSR bills
Mellbin said the deal serves as a foundation for greater Danish private sector participation in the Philippine market.
“When we get the framework right, we get the solutions right, and companies are more willing to invest in the Philippines to increase productivity and strengthen the economy’s resilience,” he said.
