Manila-based multilateral lender Asian Development Bank (ADB) on Friday expressed support for the Duterte administration’s 10-point economic agenda and affirmed strong partnership for promoting sustainable economic growth, reducing poverty, and improving the welfare and livelihoods of Filipinos.

With a target of more than $1 billion of approved sovereign loans in 2016, ADB said it is ready to increase assistance further based on discussion with the new administration.

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