$7.1-B SOVEREIGN LENDING PROGRAM

MAGKAKALOOB ang Asian Development Bank (ADB) ng $7.1 bilyong halaga ng pautang sa Filipinas sa susunod na tatlong taon.

Nilagdaan ng Manila-based multilateral development bank, National Economic and Development Authority (NEDA), at ng Department of Finance (DOF) ang memorandum of understanding (MoU) para sa sovereign lending program sa Filipinas mula 2019 hanggang 2021.

“ADB is committed to working closely and collaboratively with the Government of the Philippines to ensure that we deliver on our pipeline of projects,” wika ni ADB Country Director for the Philippines Kelly Bird matapos ang signing ceremony.

Ang ‘Build Build Build’ (BBB) program ay susuportahan ng panukalang lending program, na may two-thirds ng  ADB pipeline, o nasa $4.5 billion.

Ang nasabing mga proyekto ay naglalayong ikonekta ang mga rehiyon at komunidad, pamahalaan ang urbanization,  tulad ng railways, bridges, roads at flood management.

Ang nalalabing one-third ng pipeline o $2.6 billion ay ilalaan para sa policy support at social assistance sa inclusive finance, capital market development, local government development at youth employment.

“I am very happy about this program,” wika ni Socioeconomic Planning Secretary Ernesto M. Pernia.

“ADB has been very cooperative and helpful in our objectives to sustain our economic growth and achieve inclusive development. This will help bring us closer to our longer-term vision of a prosperous, middle-income country where no one is poor by 2040.”CAI ORDINARIO