Heroes Hall, Malacañan Palace
September 12, 2024
“Thanks to the ADB, we are not just talking about progress; we are now on the path to achieving it. Your contributions have turned hope into reality and made profound difference in countless lives here in the Philippines,” President Ferdinand R. Marcos Jr. conveyed as he welcomed the turnover of Asian Development Bank’s (ADB) Country Partnership Strategy (CPS) 2024-2029, which outlines the transformative agenda aimed at achieving inclusive progress for all Filipinos.
In his remarks, the President highlighted ADB’s role as the Philippines’ reliable partner in development for nearly six (6) decades. He noted that it is the country’s top multilateral development partner and the second largest source of official development assistance (ODA).
With the formal launch of the CPS 2024-2029, the President expressed his hopes that Filipinos will experience inclusive growth over the next six (6) years through the government’s meaningful projects and programs.
“This strategy is about turning lofty goals into tangible improvements in our daily lives. Today, we are not just talking about progress. We are also delivering it with clear, impactful actions,” the President remarked.
“Under this new strategy, the ADB is not simply supporting projects, but laying the groundwork for our better future,” he added.
The CPS focuses on three (3) critical areas and priorities to ensure inclusive growth for the country: strengthening human development, boosting economic cooperation and quality infrastructure, and scaling up nature-based development and disaster resilience.
These priorities include basic education, health care, quality employment, technology adoption, climate-smart infrastructure, green energy, climate action, food security, biodiversity protection and low-carbon economy, among others.
“The task before us is clear. We must turn this generous backing into meaningful outcomes – better social services, improved infrastructure and a more resilient economy,” President Marcos Jr. stressed.
“Let us move forward with unwavering resolve, knowing that the journey ahead is not just about meeting expectations but about surpassing them and setting new benchmarks for success,” he ended in his speech.
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