MANILA – On Monday, President Rodrigo Duterte said he wanted to improve relations with the Asian Development Bank (ADB) to further promote his administration’s “Build, build, build” infrastructure program.
On Monday, ADB President Masatsugu Asakawa made a courtesy call to Duterte at the Department of Finance office to discuss the bank’s assistance with various government programs.
“We look forward to ADB’s enhanced support for our Build, Build, Build program,” the President told Asakawa according to a statement from the Palace.
Asakawa, who was special adviser to Japanese Prime Minister Shinzo Abe, took over the leadership of the Manila-based financial institution in January.
During the call, Duterte also congratulated Asakawa on his election as new president of the ADB and thanked the funder for his continued assistance in the Philippines.
“I would like to express my appreciation to ADB for his continued assistance to the Philippines,” said Duterte to the president of ADB.
Duterte, according to Malacañang, also called for ADB’s “aggressive participation” in pushing government infrastructure. The president also asked for the bank’s help to improve the government’s ability to undertake public-private partnership (PPP) projects with increased private sector participation.
ADB last year increased its investments in the Philippines from $ 800 million per year to $ 2.5 billion.
Rodrigo Duterte, Duterte, ADB, Asian Development Bank, Build Build Build, infrastructure