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ADB lending program for Philippines to reach $3.9B in 2021

By TED CORDERO, GMA News
Published April 28, 2021 2:06pm
The Asian Development Bank’s (ADB) sovereign lending program to the Philippines is seen to reach $3.9 billion this year or roughly P188 billion to support investments in the country’s infrastructure, local economic development, and social assistance amid the COVID-19 pandemic.
At a virtual briefing on Wednesday, ADB Philippines country director Kelly Bird said that the multilateral lender’s lending program this year will focus on its “three pillars” of support for the country, namely:
    Accelerating infrastructure and long-term investments
    Promoting local economic development
    Investing in people
Under the investing in people pillar is the $400-million loan it extended to the Philippines last March to help the country purchase vaccines against COVID-19. ....

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ADB to lend $9.4B to PH for next 3 years – The Manila Times

The Asian Development Bank (ADB) said on Wednesday the funds it would lend to the Philippines were expected to reach $9.4 billion under its three-year business plan for the country, with at least two-thirds of these going to infrastructure, health and employment recovery.
In a statement, the Manila-based multilateral lender said its Philippines’ Country Operations Business Plan 2021–2023 would support state programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services.
Kelly Bird, ADB country director for the Philippines, said the plan “is taking an integrated approach to business and employment recovery over the next three years through a combination of programs and projects supporting structural reforms to the business sector, facilitating youth employment, and upgrading skills development in the workplace.” ....

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PH, ADB in talks for $400-500M vaccine procurement financing

PH, ADB in talks for $400-500M vaccine procurement financing
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