The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
BusinessWorld 4 MIN READ

ADB earmarks USD4B for PH lending program for 2024

October 2, 2023By BusinessWorld
Related Articles
Shares may move sideways on bargain hunting June 13, 2023 Shares to move sideways amid lack of catalysts March 25, 2024 PSEi rises to 6,200 level to end eight-day slide June 25, 2024

The Asian Development Bank (ADB) is allocating as much as USD 4 billion worth of loan financing for the Philippines annually starting next year through 2029 to support its development projects.

ADB Country Director for the Philippines Pavit Ramachandran said the multilateral lender is looking to earmark between USD 3.5 billion and USD 4 billion for the lending program in 2024.

“This year, we’re looking at about anywhere from USD 3.5 billion to USD 4 billion in terms of our lending. Next year, we expect a similar allocation and a lot of this is on infrastructure, not only urban mobility and connectivity, but also flood resilience,” he told reporters on the sidelines of a forum last week.

For next year’s lending program, Mr. Ramachandran said they already know which projects will be included.

“We just have to lock in the exact amounts and timelines with the government,” he added.

Mr. Ramachandran said the USD 3.5 billion to USD 4 billion range would likely be the earmarked lending program per year under the ADB’s new Country Partnership Strategy (CPS) from 2024 to 2029.

“I think we’re looking at that being the lending. It’s also consistent with what we’ve been doing now for the last two or three years, because these are large, complex infrastructure projects but also some budget support mixed in on some strategic areas. That will be about 30% of the overall program, the share of budget support (then) the remainder will be largely project investments,” he said.

The ADB is currently working on its CPS 2024-2029 for the Philippines. The current partnership strategy for 2018-2023 focuses on “policy reforms, institutional capacity development, and financing investments that promote high and inclusive growth.”

Mr. Ramachandran said the new CPS will likely be released by the second half of 2024, adding that consultations are currently ongoing.

The CPS will also have a strong focus on climate change and social protection.

“There will be a climate resilient infrastructure pillar, this is very much aligned with the flagship projects. We are supporting the preparation and development of a number of these on urban mobility, flood resilience, and connectivity,” Mr. Ramachandran said.

He said the ADB is supporting the Philippines’ transition to upper middle-income country by investing in health, education and social protection projects.

“We’re really trying to ramp up private sector engagement, both PPPs (public-private partnerships) which are very much part of the government’s agenda as well, in terms of delivery of infrastructure programs, but also dedicated private sector investment in green energy, digital development, and affordable housing,” Mr. Ramachandran said.

The ADB’s 2023 lending program is focused on eight projects and programs, four of which are policy-based loans aimed to support post-pandemic business recovery, reforms in the agriculture sector, and inclusive finance.

Before the end of the year, Mr. Ramachandran said he is hopeful that the $1.95-billion loan for the Bataan-Cavite Interlink Bridge Project will be approved by the ADB board.

“We are making good progress with it, one of the projects is of course the Bataan-Cavite interlink bridge over Manila Bay… we are trying to have it approved, it’s on a tight timeline,” he said.

Data from the ADB showed that the 32-kilometer bridge will “provide a permanent road link between the provinces of Bataan and Cavite, the key missing link in the road network of the National Capital Region, Central Luzon and Calabarzon regions.”

Mr. Ramachandran also noted that the ADB is working on supporting the government’s 197 infrastructure flagship projects (IFPs).

Meanwhile, the World Bank approved USD 600 million worth of financing for the Philippines to support the government’s digitalization efforts.

The multilateral lender said the country’s first Digital Transformation Development Policy Loan aims to support digital infrastructure policies, expand financial inclusion and boost growth of digital services.

“Greater adoption of digital technology can improve the efficiency and transparency of government services, empowering individuals who were previously far away from decision-making centers,” Ndiamé Diop, World Bank country director for the Philippines, said in a statement. — Luisa Maria Jacinta C. Jocson

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks Model Portfolio
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up