The National Economic and Development Authority (Neda), after a recent meeting with the Asian Development Bank (ADB), reported the bank’s lending and technical assistance program for the next three years totaled $1.87 billion.
Neda and ADB reiterate the importance of ensuring the quality of projects at proposal, implementation and operating stages.
“We support this program as government can fully utilize it through quality imple-mentation, supervision, monitoring and evaluation of projects by different agencies. One of the ways by which we can ensure the success of the assistance program laid out before us is guaranteeing the quality at entry and exit of the projects that we will handle,” Neda Deputy Director-General Rolando Tungpalan said.
The meeting on ADB’s Country Programming Mission 2013-2015 showed the bank’s Country Operations Business Plan for for those years is broken down into $600 million for 2013, $700 million for 2014, and $570 million for 2015.
The lending program covers projects in the following areas: public sector management, with a $750-million share (44 percent), multisector which includes disaster risk financing and social protection projects with a $470-million share (27 percent), education with a $300-million share (17 percent), and transportation with a $200-million share (12 percent).
“We are glad the ADB lending program responds to our needs and priorities as laid out in our Philippine Development Plan (PDP) for 2011-2016,” the Neda Official said.
The program also involves a $325-million co-financing from the Association of Southeast Asian Nations (Asean) Infrastructure Fund launched during the ADB’s 45th Annual Governors’ Meeting in Manila.
The fund will support projects on water supply, transportation and road improvements for three years.
Meanwhile, officials from the ADB said lessons from the country portfolio review were systematically incorporated in the formulation of the three-year business plan.
“Given the kind of partnership and mutual accountability that ADB and the Philippines have, we are happy that we have been able to apply the lessons from our involvement in ADB programs in the past to the way we currently do our government processes,” Tungpalan said.
The meeting was led by Tungpalan and ADB Philippines country director Neeraj Jain.
Latest from Tribune
Leave a comment
Commentaries
Not walking the talk
26-05-2013 Ninez Cacho-Olivares

Most of the time, it always is good for the nation when...
US push on Myanmar enters new phase
26-05-2013 AFP

WASHINGTON — After a landmark visit by Myanmar’s leader...
Lamborghinis for Dubai police
26-05-2013 Louie Logarta

It appears that Customs Deputy Commissioner Horacio Sua...
Dan Brown has been to hell
26-05-2013 Larry Faraon

Controversial international novelist Dan Brown of the D...
Warning!
26-05-2013 Archbishop Oscar V.Cruz

It is good to note well and to be much aware that there...
Rubber stamp Senate
25-05-2013 Ninez Cacho-Olivares

There is so much hypocrisy in Malacañang and the Libera...
Stock Market
An error occured during parsing XML data. Please try again.
Business
Goldman Sachs sees peso streng…
Leading multinational investment banking firm Goldman Sachs predicted the peso may strengthen …
Manufacturing, exporting secto…
Industry leaders called on government policy makers to implement immediate reforms to boost the…
11 RP thrift banks ready for B…
The Chamber of Thrift Banks (CTB) yesterday announced 11 of its 55 members are subject to foll…
Future bright for newly-traine…
Blaan tribesmen face a brighter future with the opening of more employment opportunities with t…
Business community praises gov…
The business community commends the Department of Finance (DoF) and the Bureau of Customs in th…
Insular Life new business prem…
New business premiums for the first quarter from its agency force surged to P2.4 billion for a …
Etihad Guest membership hits 2…
Etihad Guest, Etihad Airways’ (EAs) award-winning loyalty program, recently announced it had h…
Citi green bank champ
Citi was voted Best in Technology Innovation by the Bankers Institute of the Philippines (BAIPH…
MRT 3 takeover by gov’t assure…
National Treasurer Lea de Leon said everything is being ironed out for the takeover of the MRT-…
Basis for building SM mall in …
The Bases Conversion and Development Authority (BCDA) refuted claims that the controversial SM…
‘1 airport, 1 province’ model …
Former Finance Secretary Margarito “Gary” Teves urged the Aquino government to have a “culture …
MoA for easier business regist…
The Development Bank of the Philippines (DBP)recently signed a memorandum of agreement with the…
Unilever fortifies commitment …
Unilever has fortified its commitment to its Sustainable Living Plan. Launched in November 2010…
Globe grateful over PNP drive …
Globe Telecoms is grateful for the support that it is are getting from police authorities in …
Inclusive growth takes spotlig…
Employers all over the country are all set to confront the challenge to create an environment t…