‘Infra funding to shift from PPP to official aid’

Funding for Philippine infrastructure projects will shift away increasingly from public-private partnerships (PPP) to official development assistance (ODA) amid a lack of support from the private sector, Fitch Group’s think tank BMI Research said in an analysis released Thursday.

Official development assistance comes in the form of international government aid designed to promote the economic development and welfare of developing countries. The Philippines normally receives funding assistance from the Asian Development Bank, the World Bank, the United Nations, Japan, the United States, Australia, France, the United Kingdom (especially in the aftermath of SuperTyphoon Yolanda), the European Union, and lately China.