Sign up | Log in



Home  >>  Daily News  >>  Philippines News   >>  Economy   >>  ODA loans in Philippines up 96% in H1
NEWS UPDATES 17 August 2009

ODA loans in Philippines up 96% in H1

Related Stories

August 8, 2009
Philippine economy kept steady as money supply grows

July 24, 2009
Philippines plans second stimulus package

July 22, 2009
Farm, fisheries offer most jobs in Philippines

July 20, 2009
US slowdown to cause sharp fall in Philippines Remittances

Phillipines’ official development assistance (ODA) disbursements increased by 96 percent to $8.07 billion in the first six months of 2009, according to the ODA Loan Performance Report released by the National Economic and Development Authority (Neda).

The Neda said that in the first semester of 2009 the total cumulative ODA loans  increased by $826.59 million from around $7.243 billion in the same period in 2008. Data also showed that the ODA in the first semester financed 91 loans. The disbursement level is the actual amount of disbursements from all ODA loans.

“The significant increase in disbursements was largely attributed to the single tranche release of two programme loans of $150 million and $200 million funded by the Asian Development Bank and World Bank, respectively,” the Neda said in a statement.

The Neda also said there was a general increase in all major financial indicators of ODA absorptive capacity. The disbursement rate, which is the percentage of actual disbursements over target disbursement, increased to 86 percent in the first six months of 2009 from 80 percent during the same period last year.

The biggest donor of ODA is the Government of Japan-Japan International Cooperation Agency (GOJ-Jica) with a share of 38 percent of total ODA commitments. Jica was followed by the World Bank with 18 percent, the Asian Development Bank (ADB) with 15 percent, and the government of China with 12 percent. Other donors accounted for 17 percent of total ODA. 


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand