ASEAN KEY DESTINATIONS
Philippines seeks higher loan from ADB
Projects to be financed by ADB next year are the Water Development Project ($50 million); Philippine Solid Waster Management Sector Project ($41 million); Comprehensive/Integrated Development for Agusan River Basin Project ($100 million); and Infrastructure of Rural Productivity Project Phase 2 ($80 million).
Other projects that identified next year are the MFF Climate Change Investment Program ($100 million); Metro Cebu Water Supply Project ($70 million); Power Distribution Reform Program ($200 million); Manila East Sanitation Improvement Project ($100 million); Manila West Sanitation Improvement Project ($100 million); Justice Reform Program ($300 million) and Investment Climate Program ($250 million).
For 2012, the indicative loan assistance amounted to $1.35 billion.
These are the Rural Infrastructure Development Project ($100 million); Integrated Coastal Resource Management Project II ($100 million); Southern Philippines Secondary Education Project ($200 million); Mindanao River Basin ($100 million); Power Sector Investment Project ($100 million); Davao City Water
Project ($100 million); Power Sector Development Program ($350 million ) and Local Government Finance and Budget Reform Program Phase 2 ($300 million).
In 2009, the Philippines was the third-largest recipient of loan assistance from ADB among Southeast Asian countries.
Manila received $1.18 billion in ADB loans last year, up from $820 million in 2008, to counter the world economic slowdown.
The top recipient of ADB assistance in 2009 was Indonesia with $2.18 billion from $1.09 billion in 2008.
It was followed by Vietnam with $1.93 million in 2009 from $789.7 million in 2008.
ADB said that it had helped the government mitigate impact of the global financial meltdown through policy-based operations and a $500-million Countercyclical Support Facility loan.
It also said that it also had helped promote energy efficiency and healthcare, particularly for mothers and children.
ADB provided a $3-million grant under the Asia Pacific Disaster Response Fund to help Filipinos affected by 'Typhoon Ondoy', which devastated Metro Manila and nearby provinces in 2009
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