The Philippines is likely to receive up to $1.87 billion in technical assistance and lending from the Asian Development Bank over the next three years.
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.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
