Selling government assets to boost its response fund against the coronavirus crisis is not necessary at this time, according to Finance Secretary Carlos Dominguez 3rd. “Of course, [that’s] the worst possible scenario. Maybe, at some point, we may sell some assets, but at this point that’s not yet necessary, and frankly I don’t think that it will be necessary,” he added. “Because of that… our reputation as a good borrower is very, very high,” the Finance chief said. The government has earmarked P1.45 trillion for its four-pillar socioeconomic strategy to fight the pandemic.

Source: Manila Times April 17, 2020 16:32 UTC