THE Asian Development Bank (ADB) has committed a $100-million worth of soft loans and grants to assist the Philippines in implementing its ambitious infrastructure and rural development projects, Socioeconomic Planning Secretary Ernesto Pernia said.
Pernia said the $100-million commitment is on top of the $4.22 billion loan and $9.3 million technical assistance that the ADB will extend to the country over the next three years as reported by President Rodrigo Duterte during the ADB 50th anniversary reception on Tuesday.
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