President Rodrigo Duterte wants a stronger partnership with multilateral lender Asian Development Bank as the government seeks funds to bankroll its ambitious infrastructure program.
Duterte expressed his desire to boost the Philippines’ collaboration with the Manila-based lender during his meeting with ADB President Masatsugu Asakawa at the finance department’s office last Monday. It was Asakawa’s first courtesy call on Duterte since he became the 10th president of ADB in January.
During the meeting, Duterte expressed support for Asakawa’s vision for ADB, saying it is in line with his administration’s strategy to accelerate infrastructure spending and human development and bolster the Philippines’ macroeconomic fundamentals.
Duterte also expressed hope that ADB’s participation in the Philippines’ ‘Build, Build, Build’ infrastructure program would be “aggressive.” He also thanked the lender for its “unremitting assistance to the Philippines.”