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NEWS UPDATES Asean Affairs   December 6,  2017  

ADB increases PHL infra program funding to $1.9B

Multilateral lender Asian Development Bank (ADB) has increased the funding for infrastructure-related investments in the Philippines, the Department of Finance (DOF) said Tuesday.

In a statement, the DOF said the ADB has hiked its actual lending approval to 48 percent over the next three years from 34 percent in 2011 to 2016.

The increase recognizes "the government’s strong resolve ... to bridge the country’s massive infrastructure gap."

In 2011 to 2016, the ADB approved $1.45 billion for sustainable and climate resilient infrastructure, $2.57 billion for good governance and finance, and $300 million for employment and education.

The funding can be gleaned from Philippine Country Operations Business Plan (COBP).

The COBP for 2018 to 2020 reflects a provision of $1.9 billion for sustainable infrastructure and development, $1.2 billion for regional development and finance, and $900 million for human development, according to the ADB.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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