The Philippines inked two financing agreements with the European Union for peace and infrastructure projects in Mindanao cumulatively worth €60.5 million.
At the exchange rate of P55.7976:€1 as of July 10, the agreements were equivalent to P3.375 billion.
In a statement on Sunday, the Department of Finance (DOF) said the two agreements were inked by Finance Secretary Carlos Dominguez III in late June and early July.
"This EU assistance will certainly help the Duterte administration achieve its goal of just and lasting peace and development in southern Philippines, and in supporting genuine autonomy in the Bangsamoro region," he said.
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