The Philippine government has secured a new loan for a big-ticket infrastructure project, less than two months before the end of the Duterte administration.
The Government of the Republic of Korea has extended $56.6 Million in loans to the Government of the Philippines for engineering services needed for the
One of the women workers at Igting, a sewing center in Bulacan, supported by Korean NGO Camp and KOICA. (Photo courtesy of Igting/Korean Embassy in Manila) MANILA - The Philippine and Korean governments marked 30 years of development partnership on Thursday, with Seoul's official development assistance (ODA) to Manila reaching USD2.1 billion to date. From USD7.24 million in 1991, Korea's annual contributions have increased to around USD127.75 million in 2021. "Over the last 30 years, our cooperation has continued to evolve both qualitatively and quantitatively and currently Korea is the second-largest development partner country for the Philippines," Korean Ambassador to the Philippines Kim Inchul said in a virtual forum to celebrate the milestone. The partnership is currently focused on four priority targets the access to basic health services, agriculture and rural community development, transportation infrastructure, and disaster risk reduction. In a span of 30 ye