PBBM leads ceremonial turnover of ADB PH Country Partnership Strategy for 2024-2029

PTVPhilippines

PBBM leads ceremonial turnover of ADB PH Country Partnership Strategy for 2024-2029   For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00Sustainability and resilience, the operative words and underlying themes in government's new country partnership strategy

00:07with the Asian Development Bank in creating programs and generating jobs in several industries.

00:13PTV correspondent Rod Laguzad tells us more.

00:19Growth is more significant than numbers alone.

00:22This was emphasized by President Ferdinand R. Marcos Jr. during the ceremonial turnover

00:27of the Asian Development Bank-Philippines Country Partnership Strategy for 2024-2029.

00:33According to the President, this signifies change in the daily lives of Filipinos.

00:37He said the government focuses on renewable energy and climate solutions,

00:41especially since the Philippines is among the most vulnerable to the effects of climate change.

00:46The President stressed the importance of supporting private sector innovation.

00:50We must create jobs and opportunities for all

00:53with an eye to the sustainability and with an eye for our resilience as we face these new challenges.

01:01So under this new strategy, the ADB is not simply supporting projects,

01:06but it is laying the groundwork for a better future.

01:09He added that ADB's commitment to low carbon transport,

01:13renewable energy and resilient coastal development is important

01:16as annual economic losses could reach 7.6% of GDP in 2030 due to climate change.

01:23The ADB has been a steadfast partner for nearly six decades

01:27with a net commitment of almost $9 billion to the country as of mid-2024.

01:32It is the top multilateral development partner

01:34and the second largest source of official development assistance for the nation.

01:39So as we mark today's event, let us remember that the ADB's commitment of over $12 billion

01:46for the next three years is a precious vote of confidence in our shared vision

01:52for a brighter and better Bagong Pilipinas.

01:55On the part of ADB, ADB President Matsuzuku Asakawa stressed the coordination with the Philippines will continue

02:02such as on 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.

02:17Building on our shared successes,

02:20I am confident that together we will achieve remarkable progress in this new chapter of our partnership.

02:28The new CPS focuses on three critical areas,

02:30strengthening human development, boosting economic cooperation and quality infrastructure

02:35and scaling up nature-based development and disaster resilience.

02:40Rod Laguzed, from the National TV Network, for a new and better Philippines.

Category

Transcript

Recommended