The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago."The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
A $100-million financing backed by the China-based Asian Infrastructure Investment Bank (AIIB) is eyeing climate transition investments in the Philippines and other Asia-Pacific countries.In a Sept. 30 statement, the AIIB noted that three-fourths of the total commitment, or $75 million, is for the...
Beijing-led Asian Infrastructure Development Bank (AIIB) commended the proposal of the Department of Finance (DOF) for multilateral development banks (MDBs) to work together in incentivizing private capital flows for climate projects of developing countries.
In a letter to Finance Secretary...
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...
The Asian Infrastructure Investment Bank (AIIB) has vowed to align its operations with the goals of the Paris Agreement as the Beijing-led lender raises its annual climate finance commitments.
Currently, the China-led AIIB estimated its cumulative climate finance approvals to reach $50...
President Duterte's chief economic manager suggested that the next administration should continue in subsidizing people's subsequent booster doses of the coronavirus vaccine to ensure the country's economic recovery.
With more COVID-19 booster shots on the horizon, Finance...
The trilateral cooperation in support of the Philippines' COVID-19 vaccination program is a testament of the closer coordination among the World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).
Ahmed Saeed, ADB vice president said the...
China's Asian Infrastructure Investment Bank (AIIB) has been asked to help in the funding requirement for the proposed 180-kilometer Pangasinan-Nueva Ecija expressway. which the National Economic and Development Authority (NEDA) submitted to the bank for possible funding.
Secretary Raul...
