Tag: ADB
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DTI backs P1.75B fintech boost for MSMEs
The Department of Trade and Industry (DTI) is betting big on fintech to unlock long-standing credit bottlenecks for micro, small, and medium enterprises (MSMEs), welcoming a P1.75-billion digital credit facility as a potential game changer for grassroots businesses.
ADB commits USD500M to Philippines’ Blue Economy
The Asian Development Bank (ADB) has approved a USD500 million policy-based loan to boost the Philippines’ blue economy, marking its first major cross-sector initiative focused on national marine development.
ADB clears $400M loan to fuel Philippines’ business climate overhaul
The Asian Development Bank has approved a USD400-million policy-based loan to drive government reforms aimed at positioning the Philippines as premier investment destination in Asia and the Pacific.
ADB trims Philippine growth forecast amid flood-control probes
The Asian Development Bank (ADB) has downgraded its growth forecast for the Philippine economy for this year and in 2026, contrasting with its upward revisions for the rest of developing Asia. The Manila-based regional lender cited reduced public infrastructure spending following investigations into controversial flood-control projects as a key drag on economic momentum.
ADB, World Bank unite to accelerate Pacific growth
The World Bank Group and the Asian Development Bank (ADB) have launched their first joint projects under an unprecedented co-financing model designed to accelerate development in the Pacific while cutting red tape for governments long burdened by lengthy, overlapping procedures.
