The Bureau of the Treasury (BTr) has deepened its cooperation with the World Bank Treasury and the International Monetary Fund (IMF) to enhance the Philippines’ fiscal and debt management capacity, the agency announced on Tuesday, 28 October 2025.
National Treasurer Sharon P. Almanza, together with Deputy Treasurer Erwin D. Sta. Ana — currently on secondment to the World Bank as Senior Adviser — recently met with Miguel Navarro-Martin, Head of Financial Products and Client Solutions at the World Bank Treasury, and Armando Rosselli, Senior Financial Officer for Capital Markets and Investments.
The discussion centered on the Philippines’ ongoing financing strategies and explored new areas for collaboration through customized financial instruments and innovative debt solutions.
Flexible financing products
The World Bank team presented flexible financing products designed to strengthen debt sustainability and optimize the government’s funding operations.
The meeting, the BTr said, “reaffirmed the government’s commitment to prudent debt management and the continuous pursuit of financing strategies that enhance fiscal resilience and promote sustainable economic growth.”
Separately, the Treasury also met with representatives from the IMF’s Fiscal Affairs Department and Institute for Capacity Development to discuss efforts to improve debt management, fiscal risk assessment and cash operations.
The IMF delegation was led by Elif Arbatli Saxegaard, Deputy Division Chief and Mission Chief for the Asia and Pacific Department, along with senior economists Michal Andrle, Alex Ho and Lorena Rivero del Paso.