Gov’t races to approve 20–30 ODA-funded projects

INQUIRER/ MARIANNE BERMUDEZ

MANILA, Philippines – The Marcos administration plans to fast-track the approval of 20 to 30 infrastructure and social sector projects to maximize official development assistance (ODA) financing before the Philippines gradually loses access to concessional loans following its transition to upper-middle income country (Umic) status.

This plan comes as the Philippines attained Umic status after nearly four decades as a lower-middle income economy, with its gross national income per capita reaching $4,850 in 2025, within the World Bank’s threshold of $4,636 and $14,375 for fiscal year 2027.

READ: Philippines eyes 25 ODA deals worth $10B

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