ADB provided a $500-million loan and supported PFM reforms roadmap, which were criticized by Alan Peter Cayetano.
1 report, 1 independent
Updated Jun 1
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What happened
ADB provided a $500-million loan and supported PFM reforms roadmap, which were criticized by Alan Peter Cayetano.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
- Department of Finance
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Alan Peter Cayetano
Speaker of the House of Representatives of the Philippines from 2019 to 2020
- Robin Padilla is under preliminary investigation regarding an ICC matter, and he helped elect Alan Peter Cayetano as Senate president.
- Cayetano led the minority bloc, while the Villar family faced an investigation into water services. Separately, Tulfo's appeal successfully reversed Escudero's ruling.
Related events
- Cabinet approved an ADB-supported loan program on September 1st.
- ADB promoted market-based power sector reforms.
- ADB supports Universal Health Coverage reforms in the Philippines.
- ADB supports India's infrastructure financing needs.
- ADB approved $1.5 billion to assist the Philippines amid economic strain caused by the Middle East conflict.