Bagong Country Partnership Strategy ng Pilipinas sa ADB, malaki ang maitutulong sa bansa ayon kay PBBM

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00:00The government is now facing a problem with renewable energy and climate change.

00:07This is Rod Laguzad with the report.

00:12The development is more than a number.

00:14This is what President Ferdinand R. Marcos, Jr. gave in the ceremonial turnover of the Asian Development Bank-Philippines Country Partnership Strategy for 2024-2029.

00:26According to the President, this is a change in the daily lives of Filipinos.

00:31The government is now facing a problem with renewable energy and climate change.

00:35Especially, the Philippines is the first country in the World Risk Index this year as the most vulnerable country when it comes to the effects of climate change.

00:44That's why the President gave importance to support the private sector.

00:48We must create jobs and opportunities for all with an eye to the sustainability and with an eye for our resilience as we face these new challenges.

00:59So under this new strategy, the ADB is not simply supporting projects, but it is laying the groundwork for a better future.

01:07The ADB's commitment includes low carbon transport, renewable energy, and resilient coastal development.

01:14This is especially possible if the GDP can reach 7.6% of the economy in 2023 due to climate change.

01:22In addition to the President, the ADB has become a strong country for almost six decades.

01:28The ADB's net commitment to the country has reached almost $9 billion as of mid-2024.

01:34It is the top multilateral development partner and the second largest source of official development assistance of the country.

01:41As we mark today's event, let us remember that the ADB's commitment of over $12 billion for the next three years

01:50is a precious vote of confidence in our shared vision for a brighter and better Bagong Pilipinas.

01:58On the part of the ADB, it has also given continuous coordination to the country

02:02such as infrastructure development, climate action, and poverty reduction.

02:06I want to reaffirm ADB's strong commitment to supporting the Philippines economic and social transformation

02:13through our new country partnership strategy.

02:18Building on our shared successes, I am confident that together,

02:23we will achieve remarkable progress in this new chapter of our partnership.

02:28The new country partnership strategy has been implemented in three critical areas.

02:32These include strengthening human development, strengthening economic cooperation and quality infrastructure,

02:38and expanding nature-based development and disaster resilience.

02:43Rod Lagusan for Pambansang TV in Bagong Pilipinas.

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