"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Philippines, ADB sign MoU on 7.1 bln USD lending pipeline for 2019 to 2021
Source: Xinhua   2018-07-04 13:04:18

MANILA, July 4 (Xinhua) -- The Philippines and the Asian Development Bank (ADB) have signed a memorandum of understanding (MoU) covering an indicative 7.1 billion U.S. dollars sovereign lending program to the Philippines from 2019 to 2021, the Manila-based bank said on Wednesday.

At the MoU signing ceremony on June 29 witnessed by Philippine Economic Planning Secretary Ernesto Pernia, ADB reaffirmed its strong commitment to support Manila in raising the Philippines' growth trajectory and reducing poverty and income inequalities.

Also present at the ceremony were officials from implementing agencies, such as the Department of Public Works and Highways, Department of Transportation, and Department of Interior and Local Government.

"I am very happy about this program. ADB has been very cooperative and helpful in our objectives to sustain our economic growth and achieve inclusive development," Pernia said.

He added the lending program "will help bring us closer to our longer-term vision of a prosperous, middle-income country where no one is poor by 2040."

The Philippine government's "Build, Build, Build" (BBB) program will be supported by the proposed lending program, with two-thirds of the ADB pipeline, or about 4.5 billion U.S. dollars, allocated for projects that connect regions and communities and manage urbanization, such as railways, bridges, roads, and flood management.

The remaining one-third of the pipeline will focus on policy support and social assistance in the areas of inclusive finance, capital market development, local government development, and youth employment, the ADB said.

The bank said the agreement covers an indicative three-year rolling program that is revisited annually.

Editor: Li Xia
Related News
Xinhuanet

Philippines, ADB sign MoU on 7.1 bln USD lending pipeline for 2019 to 2021

Source: Xinhua 2018-07-04 13:04:18
[Editor: huaxia]

MANILA, July 4 (Xinhua) -- The Philippines and the Asian Development Bank (ADB) have signed a memorandum of understanding (MoU) covering an indicative 7.1 billion U.S. dollars sovereign lending program to the Philippines from 2019 to 2021, the Manila-based bank said on Wednesday.

At the MoU signing ceremony on June 29 witnessed by Philippine Economic Planning Secretary Ernesto Pernia, ADB reaffirmed its strong commitment to support Manila in raising the Philippines' growth trajectory and reducing poverty and income inequalities.

Also present at the ceremony were officials from implementing agencies, such as the Department of Public Works and Highways, Department of Transportation, and Department of Interior and Local Government.

"I am very happy about this program. ADB has been very cooperative and helpful in our objectives to sustain our economic growth and achieve inclusive development," Pernia said.

He added the lending program "will help bring us closer to our longer-term vision of a prosperous, middle-income country where no one is poor by 2040."

The Philippine government's "Build, Build, Build" (BBB) program will be supported by the proposed lending program, with two-thirds of the ADB pipeline, or about 4.5 billion U.S. dollars, allocated for projects that connect regions and communities and manage urbanization, such as railways, bridges, roads, and flood management.

The remaining one-third of the pipeline will focus on policy support and social assistance in the areas of inclusive finance, capital market development, local government development, and youth employment, the ADB said.

The bank said the agreement covers an indicative three-year rolling program that is revisited annually.

[Editor: huaxia]
010020070750000000000000011100001373006551
主站蜘蛛池模板: 搜索| 塘沽区| 朔州市| 邻水| 平远县| 壶关县| 祥云县| 河源市| 乌鲁木齐市| 长治县| 苍梧县| 临武县| 霸州市| 尉犁县| 丰镇市| 柳河县| 从化市| 玛曲县| 宁强县| 宁河县| 邢台县| 东乡族自治县| 曲阜市| 屏山县| 涪陵区| 咸阳市| 定日县| 波密县| 黄龙县| 乐陵市| 曲沃县| 兰州市| 常熟市| 陕西省| 淳安县| 禄丰县| 永新县| 和硕县| 出国| 化州市| 商南县|