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ADB to extend $15 billion in assistance to PHL for 2026-2028
The Asian Development Bank (ADB) has pledged approximately $20 billion in support for the Philippines until 2028, signaling a continued strong partnership.
ADB President Masato Kanda met with Finance Secretary Frederick Go to reaffirm the bank's commitment, highlighting the Philippines as a key partner.
The annual assistance, including cofinancing, is projected to surpass $5 billion in 2025 and accumulate to $15 billion from 2026 to 2028.
This increased funding underscores the ADB's support for the Philippine government's development agenda and the robust collaboration between the two entities.
The ADB is also increasing its focus on private sector development in the Philippines, with a planned $400 million program to foster a modern, technology-driven business environment.
Previously, the ADB invested $100 million in Maynilad Water Services Inc.'s IPO to aid in modernizing water systems and bolstering equity capital markets.
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