By Luisa Maria Jacinta C. Jocson, Senior Reporter
MILAN, Italy — The Asian Development Bank (ADB) is eyeing to extend about $4 billion in financing for the Philippines this year, which will fund key infrastructure projects like the Bataan-Cavite Interlink Bridge and Laguna Lakeshore project.
“We’re looking at about $4 billion in lending for 2025. That’s more or less what we’re seeing as an average volume for lending over the next few years,” ADB Country Director for the Philippines Pavit Ramachandran told BusinessWorld in an interview on the sidelines of the 58th ADB Annual Meeting here.
In 2024, the multilateral bank extended a little over $6 billion to the Philippines, the second-biggest recipient of financial assistance.
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