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Disbursements of official development assistance loans increased 27 percent to $15.8 billion in 2023 compared to the disbursement flows in 2022, the National Economic and Development Authority said Thursday.
“This is a welcome opportunity as we boost the government’s capabilities and introduce crucial reforms to sustain our country’s socioeconomic progress,” NEDA Secretary Arsenio Balisacan said. NEDA said that as of end-2023, cumulative disbursements for 23 program loans totaled $6.9 billion, representing a utilization rate of 68 percent. This marked a decrease of 23 percentage points from the 2022 rate of 91 percent.
The active ODA loans portfolio totaled $35.07 billion in 2023, including 23 program loans valued at $10.13 billion and 90 project loans totaling $24.94 billion.
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