MANILA: Similar to the national government, local governments have been ramping up infrastructure development, hence borrowing more to build local public works and health facilities during the prolonged Covid-19 pandemic.“ Based on our data, financing for infrastructure projects is the most common loan purpose in the certificates we issued in fiscal years 2020 to 2022, ” Nino Raymond Alvina, executive director at the Department of Finance’s Bureau of Local Government Finance( DOF-BLGF), told The