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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. ....
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 ....
endIndex: Metro Manila (CNN Philippines, December 16) The Asian Development Bank assures more funding to support the Philippine government s programs in the next two years aiming to jump-start the economy amid the COVID-19 pandemic. In a statement, the ADB said loans to the country is expected to hit $9.4 billion (around ₱451.7 billion) between 2021 and 2023. At least two-thirds of the amount will go to infrastructure, health, and employment recovery initiatives in line with its Country Operations Business Plan. We will be paying special attention to accelerating infrastructure projects that have high fiscal impact multipliers. These are the investments that link local economies, businesses, communities, and public services to those that need them, ADB Philippines Senior Programs Officer Oscar Badiola said in an online press conference. ....