THE country's active official development assistance (ODA) portfolio rose to $37.29 billion in 2023 as the government pursued economic recovery and infrastructure development efforts.
THE country's active official development assistance portfolio rose to $37.29 billion in 2023 as the government pursued economic recovery and infrastructure development efforts.In a briefing on Thursday, the National Economic and Development Authority reported that ODA loans and grants to the Philippines increased by 15 percent from the $32.40 billion availed of in 2022.
The ODA included 13 new program loans and 17 new project loans , parts of which were allocated to the post-pandemic business and employment recovery program .'This initiative aims to stimulate job creation and economic growth, both of which were severely affected by the pandemic,' Balisacan explained. 'The ODA portfolio also encompasses efforts to modernize the country's financial systems to promote economic development and inclusivity.
ODA Portfolio Up 17% To $37.29B NEDA
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH use of ODA loans reached 45% of $35B as of end-2023Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
DIME Strategy: What Manila can do after the June 17 South China Sea clash'What was apparent in the past year is that Manila has not achieved any substantial gains in its fight for control of Ayungin Shoal.'
Read more »
Region 6 earns P70B in tourism in 2023ILOILO CITY — Western Visayas (Region 6) tourism industry in 2023 generated an estimated P70 billion in revenue, the Department of Tourism (DoT) reported on Tuesday.
Read more »
TransUnion: PH credit card market hit 11.2m in 2023, poised for growthDefining the News
Read more »
Marcos says P10B used for Calabarzon dev't plan from 2023 to 2024Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
PhilGuarantee notches 2023 gainsSTATE-RUN Philippine Guarantee Corp. (PhilGuarantee) recorded double-digit growth in credit guarantee support to marginalized groups last year, data from the Department of Finance (DoF) showed.
Read more »