PH capacity for foreign aid improves in Q4

THE country’s absorptive capacity for foreign aid improved in the fourth quarter of 2014 as actual expenditures for projects and programs funded by official development assistance (ODA) nearly tripled from a year earlier, the country’s economic planning agency said.

According to the National Economic and Development Authority (NEDA), the disbursement level of loans for ODA-funded projects increased to $1.62 billion (P72.6 billion) in the three-month period from $546.36 million during the same period in 2013.