{"id":246106,"date":"2020-02-25T18:55:26","date_gmt":"2020-02-25T23:55:26","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=246106"},"modified":"2025-01-08T08:15:38","modified_gmt":"2025-01-08T13:15:38","slug":"duterte-wants-stronger-partnership-with-adb","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/02\/25\/duterte-wants-stronger-partnership-with-adb\/","title":{"rendered":"Duterte wants stronger partnership with ADB"},"content":{"rendered":"
\"\"<\/a>
President Rodrigo Roa Duterte gives a warm welcome to Asian Development Bank President Masatsugu Asakawa who paid a courtesy call on the President at the Department of Finance Building inside the Bangko Sentral ng Pilipinas Complex in Manila on February 24, 2020. ALBERT ALCAIN\/PRESIDENTIAL PHOTO<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2014 As part of efforts to acquire funds for its “Build, Build, Build” infrastructure program, President Rodrigo Duterte is seeking a stronger partnership with Manila-based multilateral lender Asian Development Bank (ADB).<\/p>\n

Duterte expressed his desire to enhance collaboration with the ADB during a meeting with its president, Masatsugu Asakawa, at the office of the Department of Finance (DOF) on Monday.<\/p>\n

\u201cPresident Rodrigo Roa Duterte on Monday said he wants enhanced collaboration with the ADB in various areas to push the administration\u2019s development agenda,\u201d a statement from Malaca\u00f1ang read.<\/p>\n

During the courtesy call, Duterte sought for ADB\u2019s participation and support as the government embarks on its ambitious infrastructure initiatives.<\/p>\n

He sought for the bank\u2019s assistance to improve the capacity of the government to undertake public-private partnership (PPP) projects with increased private sector participation.<\/p>\n

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<\/p>\n

Moreover, he congratulated Asakawa for his election as the new ADB president and thanked him for the bank\u2019s continued support to the Philippines.<\/p>\n

Asakawa became the 10th ADB president in January.<\/p>\n

\u201cI would like to express my appreciation to ADB for its unremitting assistance to the Philippines,\u201d the statement quoted Duterte as saying.<\/p>\n

He said the Philippines is determined to strengthen partnership with the bank in different areas of cooperation.<\/p>\n

Meanwhile, Asakawa lauded the Philippine government for bringing down the national poverty rate to 16.6 percent in 2018 from 23.3 percent in 2015.<\/p>\n

The government aims to further reduce the national poverty rate to 14 percent by 2022.<\/p>\n

He also met with Finance Secretary and ADB Governor Carlos Dominguez and renewed support for both the “Build, Build, Build” infrastructure program and the Bangsamoro Autonomous Region in Muslim Mindanao.<\/p>\n

In a separate statement, ADB said it is planning to lend a record high USD3.3 billion to the Philippines this year, with about half supporting the government\u2019s infrastructure program.<\/p>\n

The USD3.3-billion loan financing will fund the Philippine government’s priority projects such as the South Commuter Railway, the Edsa Greenways Pedestrian Walkways, and the Angat Water Transmission Aqueduct 7, among others.<\/p>\n

In 2019, the ADB\u2019s sovereign lending to the Philippines totaled USD2.<\/p>\n

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5 billion, higher than the USD1.<\/p>\n

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4 billion in 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2014 As part of efforts to acquire funds for its “Build, Build, Build” infrastructure program, President Rodrigo Duterte is seeking …<\/p>\n","protected":false},"author":44,"featured_media":246107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-246106","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-azer-parrocha","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/246106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=246106"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/246106\/revisions"}],"predecessor-version":[{"id":280749,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/246106\/revisions\/280749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/246107"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=246106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=246106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=246106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}