The National Economic and Development Authority (NEDA) said active official development assistance (ODA) loans and grants to the Philippines reached
The portfolio reflected the government’s initiative to sustain a continuous rollout of programs aimed at addressing the socioeconomic scarring brought by the COVID-19 pandemic, while also seeking to secure assistance for enabling social and economic transformation beyond the pandemic.
The government received only four program loans amounting to $1.02 billion for COVID-19 response and recovery in 2022. The nation’s premier socioeconomic planning body notes that the infrastructure sector received most of the ODA in 2022, with a share amounting to $16.07 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ADB eyes $4 billion loans to Philippines under new CPSThe Asian Development Bank is looking at lending up to $4 billion annually to the Philippines under a new country partnership strategy being crafted.
Read more »
LIVE UPDATES: Philippines vs Qatar - 19th Asian Games basketballGilas Pilipinas fights for its Asian Games life as it faces Qatar for a spot in the quarterfinals
Read more »
Panel created for Philippines hosting of disaster reduction meetingPresident Marcos has created an inter-agency committee to ensure the country will successfully host the Asia-Pacific Ministerial Conference on Disaster Risk Reduction in October next year.
Read more »
‘Chinese boats block Philippines fishers in Panatag’The China Coast Guard has deployed rubber boats around Panatag Shoal to prevent Filipino fisherfolk from entering the lagoon, a fishers’ group said yesterday.
Read more »
Indonesia assures Philippines of continuous coal supplyIndonesia has assured the Philippines of uninterrupted supply of coal for its power plants, Energy Secretary Raphael Lotilla said over
Read more »