ADB has approved a $15 million technical assistance program, supported by ADB’s own funds and the Green Climate Fund, to develop projects that promote climate change adaptation and mitigation in Southeast Asia.
The Asian Development Bank is looking to provide assistance to the Philippines under the $14-billion fund being allocated to help address the food crisis in Asia and the Pacific for this year until 2025.
The Asian Development Bank remains optimistic on Philippine economic growth this year as it sticks to its gross domestic product and inflation forecasts, despite the continued depreciation of the local currency and damage caused by Super Typhoon Karding.