Noticias de dinero

ADB to support Recto’s tax collection strategy

THE Asian Development Bank (ADB) pledged to back Finance Secretary Ralph Recto’s central strategy for enhanced tax collection, focusing on leveraging digital technologies to achieve more efficient and proactive tax administration. Recto, in a statement on Wednesday, highlighted the importance of improved coordination among national and local agencies in a meeting with ADB senior officials.

READ MORE
Noticias de dinero

ADB commits nearly $10B in climate finance

THE Asian Development Bank (ADB) pledged a record sum of nearly $10 billion in climate finance last year to assist its developing member countries in the Asia-Pacific region. The ADB invested $9.8 billion in climate finance, allocating $5.5 billion for mitigation and $4.3 billion for adaptation. This marked a significant 46-percent increase compared to its

READ MORE
Noticias de dinero

ADB keeps PH forecasts | The Manila Times

THE Asian Development Bank (ADB) is maintaining its Philippine growth forecasts for this year and the next even as it lowered projections for Southeast Asia. “The economy continues to be supported by domestic demand, with growth accelerating to 5.9 percent in the third quarter, averaging 5.5 percent in the first 9 months,” the ADB said

READ MORE
Noticias de dinero

ADB okays $200M for PH infrastructure

THE Asian Development Bank (ADB) has given the green light for a $200 million loan to further assist the Philippines in developing climate-resilient and environmentally friendly public infrastructure. The Manila-based lender said the funds would contribute to enhancing economic growth and access to employment, markets, as well as public services like education and health care.

READ MORE
Noticias de dinero

ADB okays $450M in health care funding

THE Asian Development Bank (ADB) has approved a $450-million loan for the Philippines in support of health care reforms. Among others, the loan will help in expanding access to medicines and health care services, and sustaining Universal Health Care (UHC) coverage along with increasing funding, the Manila-based lender said in a statement on Wednesday. Asian

READ MORE
Noticias de dinero

ADB approves $400M loan for PH

THE Asian Development Bank (ADB) has approved a $400-million loan to strengthen the government’s revenue mobilization. In a statement on Tuesday, the Manila-based lender said the loan would help the country achieve its medium-term fiscal strategy and finance its post-pandemic economic recovery through modernizing tax administration, systems and processes. The Domestic Resource Mobilization (DRM) Program

READ MORE
Noticias de dinero

DoTr eyes more ADB funding

THE Department of Transportation (DoTr) on Friday said it is eyeing more funding from the Asian Development Bank (ADB) to finance more transport infrastructure projects in the country. During the 3rd DoTr-ADB Coordination Meeting, Transportation Secretary Jaime Bautista said that the agency will continue to tap the ADB to open “opportunities for equitable progress and

READ MORE
Noticias de dinero

ADB approves $300-M financial inclusion loan

THE Asian Development Bank (ADB) has approved a $300-million loan in support of the Philippines’s financial inclusion efforts. “Through this loan, ADB is expanding its partnership with the Philippines in ensuring all Filipinos will have access to financial products and services, including via digital platforms, to help improve their lives and livelihoods,” ADB senior financial

READ MORE
Noticias de dinero

ADB lowers 2023 PH growth forecast

PHILIPPINE economic growth will fall short of target this year and the next owing to persistent inflation and global headwinds, the Asian Development Bank (ADB) said on Wednesday. In a September update to its outlook for the region, the Manila-based lender lowered its 2023 gross domestic product (GDP) growth forecast for the country to 5.7

READ MORE
Noticias de dinero

ADB approves $303-M flood, climate risk loan

THE Asian Development Bank (ADB) has approved a $303-million loan to reduce flood and climate risks in the disaster-prone Philippines. The Manila-based lending institution on Wednesday said that the Integrated Flood Resilience and Adaptation Project-Phase 1 would be used to improve and build flood protection structures in the Abra River basin in Northern Luzon and

READ MORE