Citing a report from the Department of Finance’s international finance group, 2021 budget documents showed that in the pipeline of program loans from the Manila-based Asian Development Bank were the $500-million disaster resilience improvement program; $400-million build universal health-care program; $300-million local governance reform sector development program , and the $300-million facilitating youth school-to-work transition program .
The Asian Infrastructure Investment Bank will cofinance the World Bank’s emergency social protection program to be implemented by the, with a $250-million counterpart financing expected to be approved by the Beijing-based lender this year. Agence Française de Développement, meanwhile, will lend $55.14 million for the local government development program and another $110.28 million for the support to capital market generated infrastructure financing , both of which are scheduled for availment next year.
Source: News Formal (newsformal.com)
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