The Asian Development Bank (ADB) announced on Wednesday, Jan. 26, that it will use blockchain technology to make cross-border securities transactions in Asia and the Pacific more efficient and secure. In a statement, the Manila-based multilateral institution said the ADB is working with leading...
Asian Development Bank (ADB) has extended P100-million grant, approximately $2 million, to bankroll the Philippine Competitive and Inclusive Agriculture Development Program (CIADP2) to be implemented by the Department of Agriculture (DA). The CIADP2 aims to reduce income inequality by expanding...
The Asian Development Bank (ADB) announced another loan to the Philippine government, but this time the financing will fund the construction of bridges over the Marikina River to improve road traffic flow in Metro Manila. In a statement, the Manila-based multilateral institution said on Wednesday,...
The Manila-based Asian Development Bank (ADB) has raised its economic growth outlook for the Philippines due to improving coronavirus (COVID-19) situation and the acceleration in the government’s inoculation program. Based on the supplement to the Asian Development Outlook (ADO) 2021 on Tuesday,...
The Duterte administration has tapped the Asian Development Bank (ADB) for a fresh $250 million loan to help the Philippines in securing additional coronavirus disease (COVID-19) vaccine supply. The Manila-based multilateral institution said on Monday, Dec. 13, that it has approved the new loan to...
The Asian Development Bank (ADB) approved the Philippines’ fresh loan that aims to support the government’s universal health care (UHC) program. In a statement, the Manila-based multilateral institution said it approved a $600 million policy-based loan to the Philippines to provide quality and...
The Department of Public Works and Highways (DPWH) has started discussing projects with the Asian Development Bank (ADB) for the country to have a sustainable infrastructure development program that would eventually help in the economic recovery from struggles in the COVID-19 pandemic. DPWH Acting...
The Philippines urged governments and multilateral development banks (MDBs) work closely in addressing the transitional adjustments that might have to be undertaken to ensure the seamless implementation of climate-related projects on the ground. Finance Undersecretary Mark Dennis Joven said that...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
The Philippines and Indonesia have formed a new partnership establishing an Energy Transition Mechanism (ETM), the first of its kind in Asia and the Pacific, the Asian Development Bank (ADB) said. At the COP26 in Glasgow, ADB President Masatsugu Asakawa, Indonesian Finance Minister Sri Mulyani...
The Asian Development Bank (ADB) has secured additional pledges to fund low-carbon and climate-resilient infrastructure projects for the Association of Southeast Asian Nations (ASEAN). In a statement, the Manila-based multilateral institution said late Tuesday, Nov. 2, that four partners have...
The Asian Development Bank (ADB) has reaffirmed its support for a rapid economic recovery, infrastructure development, and regional cooperation. At the 14th Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP–EAGA) Leaders’ Summit on Thursday, Oct. 28, Masatsugu...
