ADB raised a health care loan, co-financed by JICA, to support the Philippines amid widening financing needs due to Middle East shocks.

The entities involved

• Philippines →

  archipelagic country in Southeast Asia

  • The Philippines and Bon Secours Mercy Health plan to co-develop a new hospital campus, with project discussions initiated by a US visit.10:50
  • Thailand, Myanmar, Timor, and Philippines attended a MABIMS meeting promoting cooperation in Southeast Asia.10:04
• Asian Development Bank →

  regional development bank

  • GEF approved funding, channeled through ADB, for a restoration project at Lake Sevan in Armenia, involving UNDP.10:03
  • Regional bodies, including the Monetary Authority of Singapore and the Asian Development Bank, are discussing the infrastructure funding needs and annual investment requirements for Southeast Asia.09:57
• Japan International Cooperation Agency →

  governmental agency

  • JICA provided a grant to upgrade the Kelani River basin in Peliyagoda, which was approved by the cabinet.Sat 06:18

Related events

• ADB is considering providing a loan for low-carbon infrastructure projects in the Philippines.Oct 22
• ADB hosted the MDB Heads Group meeting in Manila, where multilateral development banks and the IMF discussed global economic pressures.Oct 17