Tag: ADB
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ADB OKs US$400M loan for Philippine food program
The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines combat hunger, food insecurity, and undernutrition—particularly among the country’s poorest households—as climate and disaster risks continue to escalate.
ADB mobilizes $39.2B to drive development
The Asian Development Bank (ADB) committed USD24.3 billion from its own resources in 2024, alongside USD14.9 billion in co-financing from global partners, to tackle the most pressing development challenges across Asia and the Pacific.
ADB approves $1.45B MCRP loan in boost to economic connectivity
The Asian Development Bank (ADB) has approved a USD1.45 billion loan package representing the second and final tranche of financing for the Malolos–Clark Railway Project (MCRP), a key infrastructure initiative under the Philippine government’s North–South Commuter Railway (NSCR) system.
ADB forecasts strong Philippine growth, ‘Blue Economy” opportunities
The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.
