Manila, Oct. 17 -- The Asian Development Bank's (ADB) sovereign lending for the Philippines is expected to reach US9.1 billion between 2020 and 2022, as the government seeks to invest more in much-needed infrastructure and pro-poor projects that will merge rural areas into urban growth centers.
The indicative pipeline is in line with the priorities identified in ADB's country partnership strategy.
In the Philippines Country Operations Business Plan (COPB) 2020-2022, ADB said it will invest 59.5 percent of its three-year sovereign lending program in transportation projects, such as railways, bridges, road networks, and elevated pedestrian walkways.
The rest of its financial support will be devoted to the social sector, agriculture, public...