endIndex: Metro Manila (CNN Philippines, April 30) — The Finance Department has secured loans worth $18.4 billion (about ₱890 billion) from foreign sources to support planned spending under the national budget and for key government projects, an agency official said Friday. Finance Undersecretary Mark Dennis Joven said $16.26 billion (around ₱786.8 billion) of the amount is for budget support while $2.14 billion (about ₱103.5 billion) is for project financing. Of the budgetary support debt, $6.93 billion came from multilateral lenders such as the World Bank, Asian Development Bank, and Asian Infrastructure Investment Bank. $1.32 billion had been sourced from bilateral partners like Japan, South Korea and France, Joven told a virtual government briefing.