Bank of the Philippine Islands (BPI) has strengthened its leadership in sustainable finance by extending a P6.1-billion project finance facility to renewable energy developer Cornerstone Energy Development Inc. (CEDI), a subsidiary of Aboitiz Renewables Inc.
The Business and Employment Recovery Program-Subprogram 2 focuses on equipping Filipino workers, particularly vulnerable youth and women, with skills that align with evolving industry demands.
Dubbed the Second Disaster Resilience Improvement Program, the loan provides the country with quick-access financing to support immediate recovery efforts while implementing long-term disaster risk reduction and management (DRRM) reforms.