Philippines gets $6.02B from ADB in 2024
In 2024, the Philippines received $6.02 billion in financial assistance from the Asian Development Bank (ADB), making it the second-largest recipient after India.
Among the approved loans were a $1.19-billion project for the Laguna Lakeshore Road Network and a $500-million support for public financial management reforms in the Bangsamoro Autonomous Region.
The ADB also provided $474.6 million to finance climate technologies and mobilize investments in renewable energy, as well as $2.1 billion for the modernization of Ninoy Aquino International Airport.
In addition to loans, the Philippines received $1.55 billion for co-financing projects and $6.6 million for technical assistance from the ADB last year.
The ADB launched new country partnership strategies focusing on human development, economic competitiveness, quality infrastructure, and disaster resilience in the Philippines, Cambodia, and Laos.
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