Asian development Bank vows support for Philippine infrastructure projects under Marcos administration


MANILA, June 13 (Xinhua): The Asian Development Bank (ADB) on Monday assured Philippine President-elect Ferdinand Romualdez Marcos of the Manila-based multilateral lender's strong support in strengthening infrastructure and sustaining food security.

"I assured President-elect Marcos of ADB's strong commitment to supporting his administration's development priorities," ADB President Masatsugu Asakawa said after meeting with Marcos on Monday.

He said the ADB works closely with the government, development partners, and the private sector "to support infrastructure investment, including projects under the government's 'Build, Build, Build' programme; promote sustainable agriculture development and food security; and invest in Filipinos' welfare."

Asakawa said the ADB will also explore opportunities with the new administration's priorities on climate change action, education, vocational skills training, employment programs, health promotion, and social protection.

Marcos will assume the presidency on June 30 after winning the May 9 presidential election by a landslide. - Xinhua

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