ADB preparing over $4 billion in lending to Philippines in 2026

THE Asian Development Bank (ADB) is committed to providing more than $4 billion in loan financing to the Philippines in 2026, targeting transportation, health, and education programs.

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“We have a pipeline of around $4 billion for lending to the Philippines. That’s ODA, Official Development Assistance lending,” ADB Country Director for the Philippines Andrew Jeffries told reporters on the sidelines of an event on Dec. 11.

Earlier, ADB President Masato Kanda said the bank’s co-financing is expected to exceed $5 billion this year, and is now preparing around $15 billion in assistance to the Philippines over the next three years.

The ADB was the second-biggest development partner of the Philippines in 2024 with 59 loans and grants worth $11.05 billion.

“We have a pipeline of projects for next year that we need to agree on with the Department of Finance and Department of Economy, Planning, and Development,” Mr. Jeffries said.

“We have a robust set of projects in transport, health, education, and public financial management. A number of them for next year and going on into the future,” he said.

These projects are new, and some are carryovers, including mega projects such as the Bataan-Cavite Interlink Bridge (BCIB) project and the North-South Commuter Rail line.