ODA portfolio up 6% to $39.61B in 2024

The Philippines' total official development assistance (ODA) portfolio increased by 6 percent to USD39.61 billion in 2024, according to the Department of Economy, Planning, and Development (DEPDev).

This portfolio comprises 426 loans and grants, consisting of 92 project loans, 19 program loans, and 315 grants.

Japan remains the Philippines' largest ODA partner, with USD13.23 billion in active commitments supporting 82 loans and grants.

Other significant partners contributing to the ODA portfolio include the Asian Development Bank, World Bank, Asian Infrastructure Investment Bank, and South Korea.

The growth in ODA was primarily fueled by new loan commitments for infrastructure projects, with nine out of seventeen new loans worth USD8.2 billion allocated to the Marcos administration's Infrastructure Flagship Projects.

Notable projects receiving support include the Laguna Lakeshore Road Network Project, the Dalton Pass East Alignment Road Project Phase I, the Bataan-Cavite Interlink Bridge Project, the Metro Manila Subway Project, and the Infrastructure for Safer and Resilient Schools Project.