Marcos lauds ADB for economic support during courtesy call

President Marcos praised the Asian Development Bank (ADB) for its significant contribution to the Philippines' economic development during a courtesy call with newly elected ADB President Kanda Masato at Malacañang on Wednesday, February 26.

Marcos highlighted the long-standing partnership between the Philippines and the ADB, noting an increase in support from the bank in recent years, which he described as very encouraging and promising.

Among the initiatives supported by the ADB are projects such as the Bataan-Cavite Interlink Bridge Project, Davao Public Transport Modernization Project, Climate Change Action Program, Build Universal Health Care Program, HEAL Project, Competitive and Inclusive Agriculture Development Program, and Walang Gutom 2027: Food Stamp Program.

Kanda assumed the ADB presidency on February 24 to complete the remaining term of former President Masatsugu Asakawa, whose term expires on November 23, 2026.

The partnership between the Philippines and the ADB has been described as 'tremendous' by Marcos, emphasizing the importance of this relationship in achieving development goals.