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ADB to lend $4.98 B to Phl this year
The Philippine Star
|July 29, 2024
The Asian Development Bank (ADB) is eyeing to extend $4.98 billion in loans to the Philippines for this year for projects to support the country's growth.
"ADB's lending program for 2024 is estimated at $4.98 billion," ADB Philippines country director Pavit Ramachandran said in an email to The STAR.
This forms part of the ADB's upcoming country partnership strategy (CPS) with the Philippines for 2024 to 2029, which provides the strategic framework for the ADB’s engagement with the country to help achieve development outcomes.
“The Philippine CPS for 2024 to 2029 is scheduled for board approval in August 2024,” Ramachandran said.
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