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By TED CORDERO, GMA News Published April 28, 2021 2:06pm The Asian Development Bank’s (ADB) sovereign lending program to the Philippines is seen to reach $3.9 billion this year or roughly P188 billion to support investments in the country’s infrastructure, local economic development, and social assistance amid the COVID-19 pandemic. At a virtual briefing on Wednesday, ADB Philippines country director Kelly Bird said that the multilateral lender’s lending program this year will focus on its “three pillars” of support for the country, namely:     Accelerating infrastructure ...

Govt to get $3.9-B loans from Asian Development Bank Anna Leah E. Gonzales The Asian Development Bank (ADB) said lending to the Philippines is projected to reach $3.9 billion (about P187 billion) this year. “Our program is up to $3.9 billion. That includes the APVAX (Asia Pacific Vaccine Access Facility) project of $400 million that was approved in March,” said ADB Philippines Country Director Kelly Bird during a virtual briefing on Wednesday. © Provided by The Manila Times A shipment of 500,000 doses of Sinovac vaccine arrives at the Ninoy Aquino International Airport ...

The Asian Development Bank (ADB) said on Wednesday the funds it would lend to the Philippines were expected to reach $9.4 billion under its three-year business plan for the country, with at least two-thirds of these going to infrastructure, health and employment recovery. In a statement, the Manila-based multilateral lender said its Philippines’ Country Operations Business Plan 2021–2023 would support state programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services. Kelly Bird, ADB coun...