MANILA, Philippines – President Rodrigo Duterte met with the new head of the Asian Development Bank (ADB) for an enhanced collaboration in various areas in relation with the government’s development agenda, Malacañang said.
In a press statement, the Palace said that ADB President Masatsugu Asakawa on Monday paid a courtesy call on Duterte at the office of the Department of Finance (DOF) in Manila to tackle ways on improving the country’s relationship with the bank.
During the call, the President congratulated Asakawa for his election as new ADB president, and expressed his gratitude for the bank’s continued assistance in different government programs.
Asakawa became ADB’s 10th president in January.
“I would like to express my appreciation to ADB for its unremitting assistance to the Philippines,” Duterte told the ADB president.
The Palace said that during the meeting, the chief executive also called for the ADB’s “aggressive participation” in the Philippine government’s infrastructure program, and asked for its help to improve the government’s capacity to undertake public-private partnership (PPP) projects with increased private sector participation.
“We look forward to ADB’s enhanced support to our Build, Build, Build Program,” Duterte said.
Last December 2019, the DOF signed with the ADB three loan agreements amounting to $623 million in support of the government’s infrastructure push.
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