Phl seeks ADB support on infra, digitalization

The Philippines is seeking strengthened support from the Asian Development Bank (ADB) for the country’s infrastructure push, both physical and digital, and in improving the capacities of small businesses.

- LOUISE MAUREEN SIMEON

During the Business Session of the 57th ADB Annual Meeting here, the Philippines delivered its statement through Finance Undersecretary and temporary alternate ADB governor Joven Balbosa.

Balbosa said the Philippines is hoping that the development of the new country strategy partnership (CPS) for the Philippines over the next five years will serve as a guiding framework in improving the country’s development path toward greater inclusion, climate resilience and competitiveness.

“We encourage the ADB to further strengthen its support in enhancing physical and digital connectivity that will increase infrastructure investments,” Balbosa said.

“There is an enormous opportunity for ADB to develop and improve the capacities of our micro small and medium enterprises (MSMEs),” he said.