ADB eyes $500-M loan to improve PH fiscal management

  • 2 days ago
ADB eyes $500-M loan to improve PH fiscal management

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Transcript
00:00The Asian development banker ADB is set to approve a 500 million dollar loan to the country
00:05for its public financial management or PFM roadmap 2024 to 2028. The loan aligns with
00:12a PFM roadmap aimed at modernizing fiscal governance. The Department of Budget and
00:17Management or DBM and the ADB have launched the second phase of the PFM roadmap focusing on
00:25assessing public spending and financial accountability while also incorporating
00:30gender and climate considerations. The phase will identify gaps compared to international standards
00:36to improve financial management and support ongoing reforms.

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