THE government and two firms in the Philippines are seeking loans of over $6 billion from the Asian Development Bank (ADB) to finance various projects on transportation, tourism, housing, energy, and agriculture. Based on ADB data, the Philippines has 13 proposed projects covering 10 government projects and three private sector…
THE government of President Ferdinand R. Marcos Jr. aims to secure some $4 billion worth of loans (around P218.072 billion at current exchange rates) from the Asian Development Bank (ADB) this year ahead of the approval of the Manila-based multilateral development bank’s Country Partnership Strategist (CPS). In a briefing last…