ADB boosts aid, commits $15-B yearly from '26

Asian Development Bank (ADB) expects its annual assistance to its host country, the Philippines-including cofinancing-to exceed $5 billion (about ₱294 billion) in 2025 and rise to $15 billion (around ₱882 billion) per year from 2026 to 2028.

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"The Philippines is home to the ADB's headquarters and one of our most important and longstanding partners," said ADB President Masato Kanda in a Nov. 25 statement.

The financing for 2025 to 2028, he added, "reflects both the ambition of the government's development agenda and the strength of our collaboration."

The statement said Kanda held talks with newly appointed Department of Finance (DOF) Secretary Frederick D. Go at the ADB's headquarters in Mandaluyong City to reaffirm the multilateral lender's strong partnership with the Philippine government and discuss its support as the country prepares to chair the Association of Southeast Asian Nations (ASEAN) in 2026.