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Govt to get $3.9-B loans from Asian Development Bank


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 on Sunday, April 11, 2021. PHOTO COURTESY OF THE NATIONAL TASK FORCE AGAINST COVID-19 ....

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ADB plans to lend $3.5 billion to Philippines this year


ADB plans to lend $3.5 billion to Philippines this year
Louise Maureen Simeon
© AFP/File
ADB plans to lend $3.5 billion to Philippines this year
MANILA, Philippines Manila-based Asian Development Bank (ADB) is planning to lend $3.5 billion or about P168.65 billion to the Philippines this year to help the country recover from the pandemic-induced recession.
During the Laging Handa briefing yesterday, ADB country director Kelly Bird said the multilateral lender remains committed in financially supporting the Philippines.
“This year, we have a robust lending program with the government. We’re looking at around $3 billion, some of which is to support infrastructure projects,” Bird said, adding that “the amount can be a good stimulus for economic recovery and also provide some of our policy-based lending which is budget support as well. ” ....

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ADB to Scale Up Support for Philippines' Infrastructure, Health, Job Recovery


Modern Diplomacy
Published 3 months ago
ADB sovereign lending to the Philippines is expected to reach $9.4 billion between 2021 and 2023, with at least two-thirds going into infrastructure, health, and employment recovery to help the government revitalize the economy amid the coronavirus disease (COVID-19) pandemic.
The Philippines’ Country Operations Business Plan 2021–2023 will support government programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
“We have designed our new Country Operations Business Plan to help the Philippines overcome the socioeconomic impact of the pandemic. We are focusing on infrastructure projects that have large employment multipliers and support long-term economic growth through improved connectivity,” said ADB Vice-President Ahmed M. Saeed. ....

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ADB to Scale Up Support for Philippines' Infrastructure, Health, Job Recovery in 2021–2023


ADB to Scale Up Support for Philippines Infrastructure, Health, Job Recovery in 2021–2023
News Release | 16 December 2020
MANILA, PHILIPPINES (16 December 2020)
The Asian Development Bank’s (ADB) sovereign lending to the Philippines is expected to reach $9.4 billion between 2021 and 2023, with at least two-thirds going into infrastructure, health, and employment recovery to help the government revitalize the economy amid the coronavirus disease (COVID-19) pandemic.
The Philippines’ Country Operations Business Plan 2021–2023 will support government programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
“We have designed our new Country Operations Business Plan to help the Philippines overcome the socioeconomic impact of the pandemic. We are focusing on infrastructure projects that have large employment multipliers and support long-term econom ....

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