ADB’s 2013-2015 programming for the Philippines was discussed in a recent meeting between bank officials and the country’s National Economic and Development Authority. The total funding will be disbursed as follows: $600 million in 2013, $700 million in 2014 and $570 million in 2015.
Allocations per sector were also discussed, with projects in public sector management receiving the largest share at 44 percent of the overall assistance package. Multisector projects, including social protection and risk reduction initiatives, will receive 27 percent or $470 million, the education sector will get 17 percent ($300 million) and transportation 12 percent ($200 million), Business World reports.
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.