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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. ....

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