ADB says it is ready to support Philippine gov’t

The Asian Development Bank (ADB) said Tuesday it is ready to help the Philippine government in pursuit of peace in Mindanao and provide assistance as needed.

The Manila-based multilateral lender emphasized it has been a major partner of the Philippine government in promoting growth, development, and peace in Mindanao.

“ADB extends its condolences and support to the Philippines following two explosions that killed 20 people and wounded 111 others on 27 January in Jolo, Sulu province in southern Philippines,” the bank said.

“On behalf of ADB, I offer my deepest sympathies to the people of Jolo, Sulu and to the families of the victims,” said ADB Vice President Stephen Groff. “ADB stands ready to support the Government of the Philippines in the peace process and provide assistance as needed.”

The bank started building key infrastructure projects in rural areas of Mindanao in the late 1960s to early 1970s to increase farm productivity and income.

In December 2017, it approved a $380 million loan to improve 280 kilometers of national road and bridge networks in the region.

“The project was the first Mindanao-specific loan granted by ADB in 16 years. This was followed by the Emergency Assistance for Reconstruction and Recovery of Marawi approved in December 2018 to provide loans and grants amounting to $408 million to finance programs, projects, and activities under the Bangon Marawi Comprehensive Rehabilitation and Recovery Program.”

ADB’s operations in Mindanao are focused on transport, flood control, livable cities, local economic development, and investing in people.

Total commitments to Mindanao’s development will increase to over $1 billion in the four years to 2021, the bank said. —VDS, GMA News