Manila, April 19 -- The Philippines called for expanded global support for job creation, financing, and climate resilience during the Intergovernmental Group of Twenty-Four (G-24) Ministers' and Governors' Meeting, as developing economies face mounting pressure from geopolitical tensions and climate-related risks.
Finance Secretary Frederick Go said overlapping global challenges are straining countries' capacity to respond, especially as fiscal space becomes more constrained, according to a press release Sunday.
He emphasized the need for "scaled-up and more flexible financing," including budget support and emergency funding tools, to help countries absorb external shocks while sustaining social services and development programs.
Go al...
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