The Duterte government’s “Build Build Build” initiative has been given a boost via the Asian Development Bank’s (ADB) approval of a $300-million loan and another $500,000 in technical assistance for capital market development.
“The package is part of ADB’s comprehensive effort to help the government finance, implement, and manage sophisticated public works projects and strengthen the framework for public-private partnerships,” the Manila-based lender said in a statement on Monday.
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