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USD400 million loan to support expansion of Philippine capital markets

Source: ADBThe Support to Capital Market-Generated Infrastructure Financing Program, Subprogram 2, is helping build an efficient domestic debt market and increase institutional participation in the market, especially from insurance and pension funds. More supply of long-term finance will help address the country’s infrastructure financing gap, estimated at roughly Php2 trillion ($40 billion) a year up to 2030. "As the Philippines steers its economy towards sustainable and resilient growth after the devastating COVID-19 pandemic, it will require various sources of long-term financing to support the recovery of its industries and micro, small, and medium-sized enterprises; provide social protection; and fund its infrastructure development priorities,” said ADB Principal Financial Sector Specialist for Southeast Asia Stephen Schuster. “A deeper, more diversified investor base can help ease fiscal constraints.”ADB is assisting the development and growth of the insurance and p ....

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$400 Million ADB Loan to Support Expansion of Philippine Capital Markets

ADB approved a $400 million policy-based loan to help the Philippine government further deepen the country’s domestic development. ....

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ADB greenlights $400-M loan for PHL capital development

ADB greenlights $400-M loan for PHL capital development
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Philippines bags $400-M loan from ADB to boost capital markets

The Asian Development Bank (ADB) has approved another loan for the Philippines, this time $400 million for the country’s domestic capital markets and infrastructure development. ....

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$400M ADB loan seen to further boost PHL capital market, long-term financing

THE Asian Development Bank (ADB) announced the approval of a $400-million policy-based loan to help the Philippine government deepen domestic capital markets and increase the supply of long-term financing in the country, especially for infrastructure development. In a statement on Monday, the multilateral lender said the newly-approved loan will help… ....

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