Marcos lauds ADB's continued support for PH development

President Ferdinand ''Bongbong'' Marcos Jr. lauded the continued support of the Asian Development Bank (ADB) for the Philippines, which has made significant contributions to the country's economic development.

Marcos said this during the courtesy call of newly elected ADB President Masato Kanda at Malacañang Palace on Wednesday.

"I mean the development that we have achieved that being assisted by the ADB, which is the most important partner that we have had in the Philippines," Marcos said in a press release issued Thursday.

"And yet, we find that in the last years, recent years, that has even increased. And so, I think, it is very encouraging, very promising," he added.

The Philippine president also described ADB as "the most important partner" of the Philippines, saying, "The partnership between the ADB and the Philippines has been tremendous."

The projects funded by the ADB, which are part of the current administration's initiatives, include the Bataan-Cavite Interlink Bridge Project, the Davao Public Transport Modernization Project, the Climate Change Action Program, the Build Universal Health Care Program, the Health System Enhancement to Address and Limit COVID-19 (HEAL) Project, the Competitive and Inclusive Agriculture Development Program, and the Walang Gutom 2027: Food Stamp Program.

Kanda assumed the ADB presidency on February 24, 2025, to complete the remaining term of former President Masatsugu Asakawa, whose term expires on November 23, 2026.

—VAL, GMA Integrated News