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ADB approves $400-million loan to improve ease of doing business in the Philippines
Business World Philippines
|December 11, 2025
THE ASIAN Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government's efforts to improve the ease of doing business in the country.
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In a statement, the multilateral lender said it has approved the financing for the Business Environment Strengthening with Technology Program (BEST) Subprogram 1, which aims to help position the country as a leading investment hub in Asia and the Pacific.
The BEST program supports private sector development reforms to streamline and improve the transparency of regulatory requirements and processes for businesses.
“The private sector is an important engine of growth and job creation. Their role in the country’s overall economic development cannot be overstated,” ADB Country Director for the Philippines Andrew Jeffries said.
“We are committed to assisting the Philippines in finding innovative ways to create an enabling environment that would spur a more dynamic business sector — one that will help drive faster economic growth,” he added.
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