Japan remains the top provider of official development assistance to the Philippines as of end-September 2018, the National Economic and Development Authority said Friday.
Data showed Japan’s loans and grants to the Philippines stood at $5.98 billion, accounting for 41.20 percent of the country’s total active ODA portfolio.
It was followed by the World Bank with $3.13 billion (21.56 percent) and the Asian Development Bank with $2.24 billion (15.44 percent).
The United States was in fourth place with total active ODA amounting to $807 million (5.56 percent), followed by Korea with $660 million in loans and grants (4.55 percent).
Other ODA providers are Australia, United Nations System, Asian Infrastructure Investment Bank (AIIB), France, EU, China, Germany, Opec Fund for International Development, Italy, Canada, Spain and New Zealand.
“They have been constantly beside us in our efforts to pursue much-needed reforms, and both social and physical infrastructures to reach our goals,” Economic Planning Secretary Ernesto Pernia said in a statement.