Latest news
× ‘Big bang lending’: ADB doubling PH loans to $12.1B until 2022

In what an official dubbed as a "big-bang lending program," the Asian Development Bank (ADB) on Thursday said it will lend its host country, the Philippines, up to $12.1 billion between 2019 and 2022 or a record $3 billion yearly.

ADB country director for the Philippines Kelly Bird told a press briefing that from a total of only $6.4 billion in approved loans or $800 million annually from 2011 to…

Read also: ADB boosts Philippine